BHP Billiton Ltd. (BHP) Shares Up 4.6%
BHP Billiton Ltd. (NYSE:BHP)’s share price shot up 4.6% on Tuesday . The company 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.
A number of research firms have weighed in on BHP. Zacks Investment Research cut shares of BHP Billiton from a “buy” rating to a “hold” rating in a research report on Wednesday, July 13th. Cowen and Company reissued a “market perform” rating and issued a $32.00 price objective (up from $25.00) on shares of BHP Billiton in a research report on Wednesday, May 4th. Sanford C. Bernstein reissued a “market weight” rating on shares of BHP Billiton in a research report on Friday, May 13th. Citigroup Inc. reissued a “neutral” rating on shares of BHP Billiton in a research report on Tuesday, June 7th. Finally, Macquarie raised shares of BHP Billiton from an “underperform” rating to a “neutral” rating in a research report on Tuesday, August 16th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $28.76.
The stock’s market cap is $85.10 billion. The company’s 50 day moving average is $30.32 and its 200 day moving average is $27.78.
The company also recently announced a semiannual dividend, which will be paid on Tuesday, September 20th. Investors of record on Friday, September 2nd will be issued a $0.28 dividend. 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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