Among 2 analysts covering BHP Billiton (NYSE:BBL), 1 have Buy rating, 0 Sell and 1 Hold. BHP Billiton Limited has an average rating of "Hold" and an average target price of $34.81. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the company's stock. $33.67's average target is -14.61% below currents $39.43 stock price.
BHP Billiton Limited (BHP) traded up 0.9044% on Wednesday, reaching $39.7866.
BHP chief executive officer Andrew McKenzie said the company's people had stepped up to unlock low-priced latent capacity and achieve productivity gains across its tier one assets. The company has market cap of 75.84 billion GBP. The 50 day moving average went up $3.53 or +9.85% whereas the 200 day average was up by +6.00%.
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Several large investors have recently added to or reduced their stakes in the stock. Capstone Asset Management Co. now owns 65,627 shares of the mining company's stock worth $2,044,000 after buying an additional 7,420 shares in the last quarter. Finally, Cohen Capital Management Inc. acquired a new position in BHP Billiton Limited during the first quarter worth approximately $131,000. CENTRAL TRUST Co increased its position in BHP Billiton Limited by 1.5% in the second quarter. BHP Billiton Ltd., the world's biggest mining company, stated fourth-quarter iron ore output rose 8 percent on capacity additions and supply chain improvements. First Financial Corp IN now owns 10,887 shares of the mining company's stock worth $387,000 after buying an additional 387 shares during the last quarter. Quadrant Capital Group LLC increased its position in shares of BHP Billiton Limited by 330.8% in the first quarter. Narwhal Capital Management now owns 30,190 shares of the mining company's stock worth $1,074,000 after buying an additional 1,000 shares during the last quarter.
BHP increased production at its Western Australian Iron Ore (WAIO) operations by 4 per cent in the 2017 financial year.
The company has forecast iron ore production to rise by between 3 per cent and 5 per cent in fiscal 2018, and that could be higher if the controversial Samarco operation wins approval to restart within the next year.
Production from BHP's oil and gas business which has come under pressure from activist shareholders keen on a spin-off of the division declined 13% to 208m barrels oil equivalent.