Shares of BHP Billiton Ltd. (NYSE:BHP) traded down 2.1% during mid-day trading on Thursday . The stock traded as low as $27.95 and last traded at $27.98, with a volume of 3,163,745 shares. The stock had previously closed at $28.57.

Several analysts have issued reports on the company. Zacks Investment Research downgraded BHP Billiton from a “hold” rating to a “sell” rating in a report on Thursday, April 21st. Investec upgraded BHP Billiton from a “sell” rating to a “hold” rating in a report on Wednesday, April 20th. Vetr downgraded BHP Billiton from a “buy” rating to a “hold” rating and set a $31.27 price objective on the stock. in a report on Tuesday, April 19th. Cowen and Company restated a “market perform” rating and set a $32.00 price objective (up previously from $25.00) on shares of BHP Billiton in a report on Wednesday, May 4th. Finally, Bank of America Corp. upgraded BHP Billiton from a “neutral” rating to a “buy” rating in a report on Monday, April 18th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. BHP Billiton presently has a consensus rating of “Hold” and an average target price of $27.76.

The firm’s market capitalization is $73.92 billion. The firm’s 50 day moving average is $27.68 and its 200-day moving average is $25.93.

A number of large investors have recently made changes to their positions in the stock. Commerzbank Aktiengesellschaft FI raised its stake in shares of BHP Billiton by 1.4% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 72,367 shares of the mining company’s stock worth $1,864,000 after buying an additional 1,008 shares in the last quarter. Comerica Bank raised its stake in shares of BHP Billiton by 4.4% in the fourth quarter. Comerica Bank now owns 86,879 shares of the mining company’s stock worth $1,907,000 after buying an additional 3,701 shares in the last quarter. Nichols & Pratt Advisers LLP MA raised its stake in shares of BHP Billiton by 5.5% in the fourth quarter. Nichols & Pratt Advisers LLP MA now owns 199,910 shares of the mining company’s stock worth $5,144,000 after buying an additional 10,381 shares in the last quarter. Sei Investments Co. raised its stake in shares of BHP Billiton by 4.5% in the fourth quarter. Sei Investments Co. now owns 278,034 shares of the mining company’s stock worth $7,163,000 after buying an additional 11,879 shares in the last quarter. Finally, Bank of Montreal Can raised its stake in shares of BHP Billiton by 35.6% in the fourth quarter. Bank of Montreal Can now owns 102,296 shares of the mining company’s stock worth $2,635,000 after buying an additional 26,842 shares in the last quarter.

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.

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