The stock of BHP Billiton plc (ADR) (NYSE:BBL) hit a new 52-week high and has $48.11 target or 46.00% above today’s $32.95 share price. The 9 months bullish chart indicates low risk for the $98.13 billion company. The 1-year high was reported on Nov, 9 by Barchart.com. If the $48.11 price target is reached, the company will be worth $45.14B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 1.01M shares traded hands. BHP Billiton plc (ADR) (NYSE:BBL) has risen 53.72% since April 7, 2016 and is uptrending. It has outperformed by 48.94% the S&P500.
According to Zacks Investment Research, “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.”
More recent BHP Billiton plc (ADR) (NYSE:BBL) news were published by: Quotes.Wsj.com which released: “DOW JONES, A NEWS CORP COMPANY” on February 12, 2011. Also Marketwatch.com published the news titled: “/quotes/zigman/3870025/realtime” on May 12, 2009. Fool.com‘s news article titled: “Better Buy Now: Rio Tinto Vs. BHP Billiton” with publication date: March 23, 2016 was also an interesting one.
BBL Company Profile
BHP Billiton Plc, incorporated on May 9, 1996, 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. BHP Billiton Plc is a member of the BHP Billiton Group.
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