Shares of BHP Billiton Ltd. (NYSE:BHP) rose 4.6% on Tuesday . The stock traded as high as $33.20 and last traded at $33.10, with a volume of 2,692,466 shares changing hands. The stock had previously closed at $31.65.

BHP has been the topic of several recent research reports. Zacks Investment Research upgraded shares of BHP Billiton from a “hold” rating to a “buy” rating and set a $32.00 price objective on the stock in a research report on Thursday, July 21st. Citigroup Inc. reiterated a “neutral” rating on shares of BHP Billiton in a research report on Tuesday, June 7th. Vetr upgraded shares of BHP Billiton from a “hold” rating to a “strong-buy” rating and set a $35.33 price objective on the stock in a research report on Monday, April 25th. Sanford C. Bernstein reiterated a “market weight” rating on shares of BHP Billiton in a research report on Friday, May 13th. Finally, Bank of America Corp. reiterated a “buy” rating on shares of BHP Billiton in a research report on Tuesday, August 16th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $28.76.

The stock’s market cap is $86.99 billion. The firm has a 50-day moving average of $30.13 and a 200-day moving average of $27.67.

The business also recently declared a semiannual dividend, which will be paid on Tuesday, September 20th. Investors of record on Friday, September 2nd will be given a dividend of $0.28 per share. The ex-dividend date is Wednesday, August 31st. This represents a yield of 1.72%.

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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