Worth Watching: Is BHP Billiton Limited (ADR) a Buy? The Stock Rises Again

Worth Watching: Is BHP Billiton Limited (ADR) a Buy? The Stock Rises Again

The stock of BHP Billiton Limited (ADR) (NYSE:BHP) is a huge mover today! The stock increased 5.13% or $1.87 on November 22, hitting $38.31. About 3.95 million shares traded hands or 4.22% up from the average. BHP Billiton Limited (ADR) (NYSE:BHP) has risen 12.02% since April 20, 2016 and is uptrending. It has outperformed by 7.46% the S&P500.
The move comes after 8 months positive chart setup for the $97.51 billion company. It was reported on Nov, 22 by Barchart.com. We have $39.84 PT which if reached, will make NYSE:BHP worth $3.90 billion more.

BHP Billiton Limited (ADR) (NYSE:BHP) Ratings Coverage

Out of 20 analysts covering BHP Billiton Limited (ADR) (NYSE:BHP), 7 rate it a “Buy”, 4 “Sell”, while 9 “Hold”. This means 35% are positive. BHP Billiton Limited (ADR) has been the topic of 38 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The firm earned “Neutral” rating on Wednesday, July 22 by JP Morgan. The stock of BHP Billiton Limited (ADR) (NYSE:BHP) earned “Overweight” rating by Morgan Stanley on Wednesday, October 7. As per Thursday, August 27, the company rating was upgraded by BNP Paribas. Cowen & Co maintained the shares of BHP in a report on Thursday, October 29 with “Market Perform” rating. The stock of BHP Billiton Limited (ADR) (NYSE:BHP) earned “Buy” rating by Canaccord Genuity on Wednesday, July 22. The stock of BHP Billiton Limited (ADR) (NYSE:BHP) earned “Buy” rating by Argus Research on Tuesday, August 30. The rating was downgraded by Jefferies on Wednesday, March 9 to “Hold”. The stock has “Underperform” rating given by Macquarie Research on Tuesday, March 15. The stock of BHP Billiton Limited (ADR) (NYSE:BHP) has “Sector Perform” rating given on Friday, January 8 by IBC. Macquarie Research downgraded the stock to “Neutral” rating in Friday, January 8 report.

According to Zacks Investment Research, “BHP Billiton is a leader in the global natural resources industry. The Group has high-value and industry-leading positions in aluminium, metallurgical coal, thermal coal, copper, ferro-alloys, iron ore and titanium minerals and also has substantial interests in oil, gas, nickel, diamonds and silver.”

BHP Company Profile

BHP Billiton Limited, incorporated on August 13, 1885, is a global resources company. The Firm is a producer of various commodities, including iron ore, metallurgical coal, copper and uranium. The Company’s divisions include Petroleum, Copper, Iron Ore and Coal. The Petroleum segment is engaged in the exploration, development and production of gas and oil. The Copper segment is engaged in mining of copper, silver, lead, zinc, molybdenum, uranium and gold. The Iron Ore segment is engaged in mining of iron ore. The Coal segment is engaged in mining of metallurgical coal and thermal (energy) coal. The Firm extracts and processes minerals, gas and oil from its production activities located primarily in Australia and the Americas. It manages product distribution through its global logistics chain, including freight and pipeline transportation. The Firm sells its products through direct supply agreements with its clients and on global commodity exchanges. The Company’s businesses include Minerals Australia, Minerals Americas, Petroleum and Marketing.

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