Zacks Investment Research upgraded shares of BHP Billiton (NYSE:BBL) from a hold rating to a buy rating in a research note published on Friday. They currently have $50.00 price target on the mining company’s stock.
According to Zacks, “BHP Billiton Plc is engaged in production of minerals which includes iron ore, metallurgical coal, copper and uranium as well as oil, gas and energy coal. BHP Billiton Plc is based in Collins Street, Melbourne Victoria. “
Separately, Jefferies Group restated a hold rating and issued a $40.00 target price on shares of BHP Billiton in a research note on Monday, January 8th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has an average rating of Buy and a consensus price target of $45.00.
BHP Billiton (BBL) opened at $44.68 on Friday. The company has a current ratio of 1.85, a quick ratio of 1.53 and a debt-to-equity ratio of 0.47. BHP Billiton has a 52 week low of $28.73 and a 52 week high of $45.30.
Several hedge funds have recently made changes to their positions in the company. Group One Trading L.P. boosted its stake in BHP Billiton by 668.8% during the 3rd quarter. Group One Trading L.P. now owns 3,075 shares of the mining company’s stock valued at $109,000 after acquiring an additional 2,675 shares during the last quarter. Knowledge Leaders Capital LLC boosted its stake in BHP Billiton by 59.3% during the 3rd quarter. Knowledge Leaders Capital LLC now owns 3,939 shares of the mining company’s stock valued at $140,000 after acquiring an additional 1,467 shares during the last quarter. Commonwealth Equity Services Inc bought a new position in BHP Billiton during the 3rd quarter valued at $217,000. Raymond James Financial Services Advisors Inc. boosted its stake in BHP Billiton by 14.0% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 7,719 shares of the mining company’s stock valued at $237,000 after acquiring an additional 947 shares during the last quarter. Finally, HighTower Advisors LLC boosted its stake in BHP Billiton by 2.9% during the 2nd quarter. HighTower Advisors LLC now owns 9,758 shares of the mining company’s stock valued at $300,000 after acquiring an additional 275 shares during the last quarter. Institutional investors and hedge funds own 4.40% of the company’s stock.
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About BHP Billiton
BHP Billiton Plc 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.
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