Economy

BHP Billiton plc's (BLT) "Outperform" Rating Reaffirmed at Macquarie

BHP Billiton plc's (BLT)

They now have a Dollars 33 price target on the stock. Oppenheimer Asset Management Inc.'s holdings in BHP Billiton PLC were worth $849,000 as of its most recent SEC filing.

Speaking recently with the Investing News Network, Paul Benjamin, research director at Wood Mackenzie, said BHP and OZ Minerals (ASX:OZL) are two copper companies that may be able to help prevent a significant deficit from emerging. Leucadia National Corp lifted its stake in BHP Billiton PLC by 38.3% in the second quarter. Williams Jones & Associates Llc acquired 171,030 shares as Dht Holdings Inc (DHT)'s stock declined 6.68%. BlackRock Inc. raised its stake in BHP Billiton plc by 9.7% in the third quarter. JPMorgan Chase & Co. now owns 151,220 shares of the mining company's stock worth $4,711,000 after purchasing an additional 151,000 shares during the last quarter. Morgan Stanley now owns 2,664,264 shares of the mining company's stock worth $80,941,000 after buying an additional 1,270,518 shares in the last quarter.

06/22/2016 - BHP Billiton plc had its "hold" rating reiterated by analysts at Beaufort Securities. Finally, Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in BHP Billiton plc during the third quarter worth approximately $58,251,000. Bollard Group LLC now owns 4,133 shares of the mining company's stock valued at $147,000 after buying an additional 640 shares during the period.

BHP Billiton plc (NYSE:BBL) traded up 0.63% during trading on Wednesday, hitting $32.07. 1,410,809 shares of the stock were exchanged. The company has a 50-day moving average price of $36.65 and a 200-day moving average price of $32.83. The stock's market capitalization is GBX 70.70 billion. Stockholders of record on Friday, September 8th will be issued a $0.86 dividend. This is a boost from BHP Billiton Limited's previous Semi-Annual dividend of $0.32. Jefferies maintained the shares of BLT in report on Thursday, September 29 with "Buy" rating. This represents a yield of 2.37%. Jefferies maintained the shares of BBL in report on Monday, July 10 with "Hold" rating. Jefferies Group LLC lifted their target price on BHP Billiton plc from GBX 1,450 ($19.50) to GBX 1,500 ($20.17) and gave the company a hold rating in a research note on Thursday, August 31st. ValuEngine lowered BHP Billiton PLC from a "strong-buy" rating to a "buy" rating in a report on Thursday, August 24th. Citigroup Inc restated a buy rating on shares of BHP Billiton plc in a report on Thursday, January 26th.

Recently analysts working for various investment brokerages have changed their ratings and price targets on shares of BHP Billiton plc (NYSE:BBL). Five equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of "Hold" and a consensus target price of $36.00.

TRADEMARK VIOLATION WARNING: "BHP Billiton plc's (BLT) "Outperform" Rating Reaffirmed at Macquarie" was posted by Week Herald and is the property of of Week Herald. If you are accessing this piece of content on another domain, it was stolen and reposted in violation of United States and global trademark & copyright law. The original version of this article can be read at https://weekherald.com/2017/09/27/bhp-billiton-plcs-blt-outperform-rating-reaffirmed-at-macquarie-2.html. But BHP believes that figure could rise to 140 million electric vehicles, or 8% of the global fleet, by 2035.

Copper miners will be the first metal producers to feel the impact of growing electric vehicle demand, says company executive Arnoud Balhuizen.

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