BHP Billiton Limited (BHP) Upgraded to “Buy” by BidaskClub

BidaskClub upgraded shares of BHP Billiton Limited (NYSE:BHP) from a hold rating to a buy rating in a report published on Tuesday, July 11th.

BHP has been the subject of a number of other research reports. Zacks Investment Research downgraded BHP Billiton Limited from a hold rating to a sell rating in a research report on Monday, June 12th. Citigroup Inc. upgraded BHP Billiton Limited from a neutral rating to a buy rating in a research report on Wednesday, April 26th. HSBC Holdings plc upgraded BHP Billiton Limited from a hold rating to a buy rating and cut their price objective for the company from $41.79 to $25.75 in a research report on Wednesday, April 19th. Argus cut their target price on shares of BHP Billiton Limited from $46.00 to $34.00 and set a buy rating on the stock in a research note on Tuesday, June 27th. Finally, Sanford C. Bernstein raised shares of BHP Billiton Limited from a market perform rating to an outperform rating and set a $44.88 target price on the stock in a research note on Wednesday, July 5th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of $34.24.

Shares of BHP Billiton Limited (NYSE:BHP) traded down 1.24% on Tuesday, reaching $41.47. The company’s stock had a trading volume of 1,803,361 shares. The company has a market capitalization of $110.35 billion, a price-to-earnings ratio of 44.50 and a beta of 1.12. The stock has a 50-day moving average price of $37.83 and a 200-day moving average price of $37.44. BHP Billiton Limited has a 1-year low of $29.30 and a 1-year high of $41.79.

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Large investors have recently added to or reduced their stakes in the stock. Scout Investments Inc. boosted its stake in BHP Billiton Limited by 186.0% in the first quarter. Scout Investments Inc. now owns 1,153,905 shares of the mining company’s stock valued at $29,886,000 after buying an additional 750,402 shares during the last quarter. LMR Partners LLP acquired a new position in BHP Billiton Limited during the first quarter valued at about $25,600,000. Karp Capital Management Corp acquired a new position in BHP Billiton Limited during the first quarter valued at about $21,553,000. MAVEN SECURITIES Ltd acquired a new position in BHP Billiton Limited during the first quarter valued at about $19,332,000. Finally, Norges Bank acquired a new position in BHP Billiton Limited during the fourth quarter valued at about $18,675,000. Institutional investors and hedge funds 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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