BHP Billiton (NYSE: BHP) has recently received a number of price target changes and ratings updates:

  • 9/25/2018 – BHP Billiton was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $57.00 price target on the stock. According to Zacks, “BHP Billiton is poised to gain from its focus on investment plans across iron ore, copper, coal and petroleum. Recently, BHP Billiton entered an agreement to acquire 6.1% interest in SolGold, with which it will gain shares of the Cascabel copper-gold project in Ecuador. The company is also trying to make its operations more efficient on the back of smarter technology adoption across the entire value chain. Over the last year, BHP Billiton’s shares have outperformed the industry. BHP has entered agreements for the sale of its onshore U.S. assets for $10.8 billion, to simplify and strengthen its portfolio and generate shareholder. Moreover, strong cash flow position, lower debt levels and higher operational efficacy will likely strengthen BHP Billiton’s competency in the near term.”
  • 9/14/2018 – BHP Billiton was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 9/10/2018 – BHP Billiton was downgraded by analysts at Deutsche Bank AG from a “buy” rating to a “hold” rating.
  • 9/10/2018 – BHP Billiton was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “BHP Billiton’s earnings per American Depositary Share (ADS) and revenues in fiscal 2018 improved year over year but fell short of the Zacks Consensus Estimate. Its cash flow remains robust, backed by strong operational performance and higher prices and the company has lowered its net debt considerably. Its investment plans are also on track across iron ore, copper, coal and petroleum. Recently, BHP Billiton entered an agreement to acquire 6.1% interest in SolGold, with which it will gain shares of the Cascabel copper-gold project in Ecuador. Over the last year, BHP Billiton’s shares have outperformed the industry. BHP has entered agreements for the sale of its onshore U.S. assets for $10.8 billion, to simplify and strengthen its portfolio and generate shareholder However, an oversupply situation in the mining market will likely hurt the company’s near-term results.”
  • 9/7/2018 – BHP Billiton was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.

Shares of NYSE:BHP traded up $0.12 during midday trading on Thursday, reaching $49.71. The company had a trading volume of 100,646 shares, compared to its average volume of 1,696,982. The company has a current ratio of 2.51, a quick ratio of 2.24 and a debt-to-equity ratio of 0.40. The firm has a market cap of $80.27 billion, a PE ratio of 14.79, a price-to-earnings-growth ratio of 2.74 and a beta of 1.17. BHP Billiton Limited has a one year low of $39.92 and a one year high of $52.62.

The business also recently declared a semiannual dividend, which was paid on Tuesday, September 25th. Investors of record on Friday, September 7th were paid a $1.26 dividend. This represents a dividend yield of 5.32%. The ex-dividend date was Thursday, September 6th. This is a positive change from BHP Billiton’s previous semiannual dividend of $0.80. BHP Billiton’s payout ratio is 75.00%.

Large investors have recently modified their holdings of the stock. Private Capital Group LLC increased its stake in shares of BHP Billiton by 1,157.5% in the first quarter. Private Capital Group LLC now owns 2,515 shares of the mining company’s stock worth $112,000 after buying an additional 2,315 shares during the last quarter. Parallel Advisors LLC increased its stake in BHP Billiton by 128.7% during the second quarter. Parallel Advisors LLC now owns 2,966 shares of the mining company’s stock valued at $148,000 after purchasing an additional 1,669 shares during the last quarter. JJJ Advisors Inc. bought a new stake in BHP Billiton during the second quarter valued at $200,000. Knowledge Leaders Capital LLC bought a new stake in BHP Billiton during the second quarter valued at $200,000. Finally, Burney Co. bought a new stake in BHP Billiton during the second quarter valued at $209,000. Institutional investors and hedge funds own 3.32% of the company’s stock.

BHP Billiton Limited discovers, acquires, develops, and markets natural resources worldwide. It operates through four segments: Petroleum, Copper, Iron Ore, and Coal. The company explores for copper, silver, lead, zinc, molybdenum, uranium, gold, and iron ores, as well as metallurgical coal, thermal energy coal, and oil and gas properties.

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