Market Runner: What’s Propelling BHP Billiton Limited (ADR) to Increase So Much?

Market Runner: What's Propelling BHP Billiton Limited (ADR) to Increase So Much?

The stock of BHP Billiton Limited (ADR) (NYSE:BHP) is a huge mover today! About 3.39 million shares traded hands or 6.60% up from the average. BHP Billiton Limited (ADR) (NYSE:BHP) has risen 41.17% since April 5, 2016 and is uptrending. It has outperformed by 39.22% the S&P500.
The move comes after 8 months positive chart setup for the $95.05 billion company. It was reported on Nov, 8 by Barchart.com. We have $54.56 PT which if reached, will make NYSE:BHP worth $46.57B more.

BHP Billiton Limited (ADR) (NYSE:BHP) Ratings Coverage

Out of 19 analysts covering BHP Billiton Limited (ADR) (NYSE:BHP), 7 rate it a “Buy”, 4 “Sell”, while 8 “Hold”. This means 37% are positive. BHP Billiton Limited (ADR) has been the topic of 36 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The stock of BHP Billiton Limited (ADR) (NYSE:BHP) earned “Underperform” rating by Macquarie Research on Tuesday, March 15. The stock has “Overweight” rating given by Barclays Capital on Wednesday, July 29. The company was downgraded on Friday, October 2 by Societe Generale. The stock of BHP Billiton Limited (ADR) (NYSE:BHP) has “Buy” rating given on Monday, September 14 by Jefferies. The stock of BHP Billiton Limited (ADR) (NYSE:BHP) has “Buy” rating given on Wednesday, July 22 by Canaccord Genuity. As per Thursday, September 24, the company rating was maintained by Citigroup. The company was downgraded on Thursday, March 17 by Nomura. The firm earned “Outperform” rating on Tuesday, September 20 by Macquarie Research. The firm has “Neutral” rating given on Friday, January 8 by Macquarie Research. On Tuesday, August 4 the stock rating was maintained by JP Morgan with “Neutral”.

According to Zacks Investment Research, “BHP Billiton is a leader in the global natural resources industry. The Group has high-value and industry-leading positions in aluminium, metallurgical coal, thermal coal, copper, ferro-alloys, iron ore and titanium minerals and also has substantial interests in oil, gas, nickel, diamonds and silver.”

Another recent and important BHP Billiton Limited (ADR) (NYSE:BHP) news was published by Investorplace.com which published an article titled: “3 Stocks to Watch on Wednesday: BHP Billiton Limited (ADR) (BHP), Gluu Mobile …” on May 04, 2016.

BHP Company Profile

BHP Billiton Limited, incorporated on August 13, 1885, is a global resources company. The Firm is a producer of various commodities, including iron ore, metallurgical coal, copper and uranium. The Company’s divisions include Petroleum, Copper, Iron Ore and Coal. The Petroleum segment is engaged in the exploration, development and production of gas and oil. The Copper segment is engaged in mining of copper, silver, lead, zinc, molybdenum, uranium and gold. The Iron Ore segment is engaged in mining of iron ore. The Coal segment is engaged in mining of metallurgical coal and thermal (energy) coal. The Firm extracts and processes minerals, gas and oil from its production activities located primarily in Australia and the Americas. It manages product distribution through its global logistics chain, including freight and pipeline transportation. The Firm sells its products through direct supply agreements with its clients and on global commodity exchanges. The Company’s businesses include Minerals Australia, Minerals Americas, Petroleum and Marketing.

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