Shares of BHP Billiton Limited (NYSE:BHP) have been given an average recommendation of “Hold” by the nineteen ratings firms that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation, eight have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $37.19.

BHP has been the subject of several research analyst reports. BidaskClub raised shares of BHP Billiton Limited from a “sell” rating to a “hold” rating in a research note on Friday, June 30th. Goldman Sachs Group, Inc. (The) downgraded shares of BHP Billiton Limited from a “neutral” rating to a “sell” rating in a research note on Tuesday, April 25th. Deutsche Bank AG raised shares of BHP Billiton Limited from a “hold” rating to a “buy” rating in a research note on Wednesday, July 5th. Zacks Investment Research downgraded shares of BHP Billiton Limited from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 21st. Finally, UBS AG raised shares of BHP Billiton Limited from a “neutral” rating to a “buy” rating in a research note on Thursday, June 8th.

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Several institutional investors have recently modified their holdings of the company. Proficio Capital Partners LLC increased its position in shares of BHP Billiton Limited by 122.8% in the first quarter. Proficio Capital Partners LLC now owns 3,133 shares of the mining company’s stock worth $114,000 after buying an additional 1,727 shares during the last quarter. Fifth Third Bancorp increased its position in shares of BHP Billiton Limited by 14.6% in the first quarter. Fifth Third Bancorp now owns 3,345 shares of the mining company’s stock worth $121,000 after buying an additional 426 shares during the last quarter. Bollard Group LLC increased its position in shares of BHP Billiton Limited by 205.3% in the first quarter. Bollard Group LLC now owns 3,493 shares of the mining company’s stock worth $127,000 after buying an additional 2,349 shares during the last quarter. Cohen Capital Management Inc. acquired a new position in shares of BHP Billiton Limited during the first quarter worth about $131,000. Finally, V Wealth Management LLC acquired a new position in shares of BHP Billiton Limited during the second quarter worth about $133,000. 2.99% of the stock is currently owned by institutional investors and hedge funds.

BHP Billiton Limited (NYSE BHP) opened at 39.43 on Wednesday. BHP Billiton Limited has a 12 month low of $27.83 and a 12 month high of $41.79. The stock has a 50 day moving average price of $35.90 and a 200 day moving average price of $37.20. The stock has a market capitalization of $104.92 billion, a PE ratio of 42.31 and a beta of 1.09.

BHP Billiton Limited Company Profile

BHP Billiton Limited 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.

Analyst Recommendations for BHP Billiton Limited (NYSE:BHP)

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