BHP Billiton Limited (BHP) : Zacks Investment Research ranks BHP Billiton Limited (BHP) as 3, which is a Hold recommendation. 3 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 2 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 2 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 7 research analysts is 2.71, which indicates as a Hold.
BHP Billiton Limited (BHP) : Currently there are 2 street experts covering BHP Billiton Limited (BHP) stock. The most bullish and bearish price target for the stock is $40 and $32 respectively for the short term. The average price target of all the analysts comes to $35.98. The estimated standard deviation from the target is $5.63.
Also, Argus Research upgrades their rating on the shares of BHP Billiton Limited (NYSE:BHP). The current rating of the shares is Buy. Earlier, the shares were rated a Hold by the brokerage firm. Equity Analysts at the Firm announces the price target to $40 per share. The rating by the firm was issued on August 30, 2016.
BHP Billiton Limited (NYSE:BHP): After opening at $30.06, the stock dipped to an intraday low of $29.88 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $30.79 and the buying power remained strong till the end. The stock closed at $30.58 for the day, a gain of 2.00% for the day session. The total traded volume was 2,918,835. The stocks close on the previous trading day was $29.98.
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 Companys 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.