BHP Billiton Limited (NYSE:BHP) was downgraded by research analysts at Royal Bank Of Canada from a “sector perform” rating to an “underperform” rating in a report issued on Thursday. The analysts noted that the move was a valuation call.

Other research analysts have also issued reports about the company. BidaskClub lowered BHP Billiton Limited from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Deutsche Bank AG raised BHP Billiton Limited from a “hold” rating to a “buy” rating in a research report on Wednesday, July 5th. Zacks Investment Research raised BHP Billiton Limited from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 8th. UBS AG raised BHP Billiton Limited from a “neutral” rating to a “buy” rating in a research report on Thursday, June 8th. Finally, Jefferies Group LLC lowered BHP Billiton Limited from a “buy” rating to a “hold” rating and set a $32.00 target price for the company. in a research report on Thursday, June 8th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $34.67.

Shares of BHP Billiton Limited (BHP) opened at 44.16 on Thursday. The company’s 50 day moving average price is $41.04 and its 200-day moving average price is $37.63. BHP Billiton Limited has a 52 week low of $29.30 and a 52 week high of $44.24. The firm has a market capitalization of $117.55 billion, a PE ratio of 20.00 and a beta of 1.11.

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Several hedge funds have recently modified their holdings of the stock. Toronto Dominion Bank increased its stake in shares of BHP Billiton Limited by 7.9% in the second quarter. Toronto Dominion Bank now owns 5,037 shares of the mining company’s stock valued at $180,000 after buying an additional 368 shares in the last quarter. Capital Innovations LLC increased its stake in shares of BHP Billiton Limited by 36.3% in the second quarter. Capital Innovations LLC now owns 8,865 shares of the mining company’s stock valued at $316,000 after buying an additional 2,360 shares in the last quarter. Stonebridge Capital Advisors LLC increased its stake in shares of BHP Billiton Limited by 1.7% in the second quarter. Stonebridge Capital Advisors LLC now owns 33,016 shares of the mining company’s stock valued at $1,175,000 after buying an additional 545 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in shares of BHP Billiton Limited by 8.9% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 40,843 shares of the mining company’s stock valued at $1,454,000 after buying an additional 3,351 shares in the last quarter. Finally, Assetmark Inc. increased its stake in shares of BHP Billiton Limited by 47.0% in the second quarter. Assetmark Inc. now owns 301,814 shares of the mining company’s stock valued at $10,742,000 after buying an additional 96,511 shares in the last quarter. Institutional investors own 2.98% of the company’s stock.

BHP Billiton Limited Company Profile

BHP Billiton Limited is a global resources company. The Company is a producer of various commodities, including iron ore, metallurgical coal, copper and uranium. Its segments include Petroleum, Copper, Iron Ore and Coal. The Petroleum segment is engaged in the exploration, development and production of oil and gas.

Analyst Recommendations for BHP Billiton Limited (NYSE:BHP)

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