BHP Billiton Limited (ADR) (BHP) was Upgraded by JP Morgan to ” Neutral”. Earlier the firm had a rating of “Underweight ” on the company shares. JP Morgan advised their investors in a research report released on Jul 6, 2016.
Many Wall Street Analysts have commented on BHP Billiton Limited (ADR). Company shares were Reiterated by Cowen on May 4, 2016 to “Market Perform”, Firm has raised the Price Target to $ 32 from a previous price target of $25 .BHP Billiton Limited (ADR) was Upgraded by Investec to ” Hold” on Apr 20, 2016. BHP Billiton Limited (ADR) was Upgraded by BofA/Merrill to ” Buy” on Apr 18, 2016.
BHP Billiton Limited (ADR) closed down -0.81 points or -2.83% at $27.81 with 65,67,523 shares getting traded on Tuesday. Post opening the session at $28.53, the shares hit an intraday low of $27.72 and an intraday high of $28.6 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
BHP Billiton Limited is a global resources company. The Company is engaged in exploration development production processing and marketing of minerals such as iron ore metallurgical and energy coal copper aluminum manganese uranium nickel silver and potash. It is also engaged in exploration development production and marketing of conventional and unconventional oil and gas. The Company operates through segments: Petroleum and Potash Copper Iron Ore and Coal. The Company’s Petroleum and Potash segment is engaged in exploration development and production of oil and gas and potash pre-development. 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.