BHP iron ore output hits new record but copper production tanks

BHP Billiton has published full year production numbers

About shares traded. BHP Billiton Limited (ADR) (NYSE:BHP) has risen 34.32% since July 19, 2016 and is uptrending. The institutional investor owned 6,535 shares of the mining company's stock after buying an additional 435 shares during the period.

BHP Billiton Limited (NYSE:BHP) traded down 0.50% during midday trading on Tuesday, hitting $39.44.

BHP Billiton's fiscal fourth quarter iron ore output rose 8 percent from a year ago, enabling the world's third largest producer to meet its full-year guidance and set a bigger target for the current year. Proficio Capital Partners LLC grew its ownership by buying 1,727 shares an increase of 122.8% in the quarter. CENTRAL TRUST Co now owns 5,668 shares of the mining company's stock worth $201,000 after buying an additional 85 shares during the period. V Wealth Management LLC bought a new position in BHP Billiton Limited during the second quarter worth $133,000. Finally, Elliott Management Corp raised its position in BHP Billiton PLC by 157.5% in the fourth quarter. Narwhal Capital Management now owns 30,190 shares of the mining company's stock valued at $1,074,000 after buying an additional 1,000 shares in the last quarter.

Several other hedge funds have also recently made changes to their positions in BHP. "Has $245,000 Stake in BHP Billiton PLC (BBL)" was first reported by Community Financial News and is owned by of Community Financial News. The company has a market cap of $91.22 billion, a PE ratio of 36.78 and a beta of 1.02. The firm has a 50 day moving average price of $31.04 and a 200 day moving average price of $32.29.

BHP chief executive officer Andrew McKenzie said the company's people had stepped up to unlock low-priced latent capacity and achieve productivity gains across its tier one assets.

ILLEGAL ACTIVITY WARNING: This article was reported by BBNS and is the property of of BBNS. If you are reading this news story on another site, it was illegally stolen and reposted in violation of United States and worldwide copyright laws. The legal version of this article can be accessed at The stock of BHP Billiton Limited (ADR) (NYSE:BHP) earned "Buy" rating by Canaccord Genuity on Wednesday, July 22. Finally, Sanford C. Bernstein upgraded BHP Billiton Limited from a "market perform" rating to an "outperform" rating and set a $44.88 price target for the company in a research note on Wednesday, July 5th. BidaskClub upgraded BHP Billiton Limited from a "hold" rating to a "buy" rating in a research report on Tuesday, July 11th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of "Hold" and a consensus price target of GBX 1,321.75 ($17.26).

"If BHP collapses the DLC [dual listed company], exits from USA shale or spins out the entire petroleum division, makes further divestment of non-core assets and/or revamps the capital allocation framework then the market is likely to positively react".



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