Published: Чт, Июля 20, 2017
Finance | By Kristine Clayton

BHP Fourth-Quarter Iron Ore Output Rises 8% on Expansions

BHP Fourth-Quarter Iron Ore Output Rises 8% on Expansions

BB&T Corp now owns 75,664 shares of the mining company's stock worth $2,357,000 after buying an additional 32,915 shares during the period. Hudson Bay Capital Management LP purchased a new position in BHP Billiton PLC during the fourth quarter worth $1,227,000. CENTRAL TRUST Co now owns 5,668 shares of the mining company's stock valued at $201,000 after buying an additional 85 shares in the last quarter.

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. Comerica Bank now owns 93,880 shares of the mining company's stock worth $3,287,000 after buying an additional 1,824 shares in the last quarter.

BHP Billiton Limited (NYSE:BHP) was upgraded by equities research analysts at BidaskClub from a "buy" rating to a "strong-buy" rating in a note issued to investors on Wednesday.

Among 31 analysts covering BHP Billiton PLC (LON:BLT), 10 have Buy rating, 6 Sell and 15 Hold. The stock of BHP Billiton Limited (ADR) (NYSE:BHP) earned "Hold" rating by Argus Research on Wednesday, March 9. (The) downgraded BHP Billiton Limited from a "neutral" rating to a "sell" rating in a report on Tuesday, April 25th. Sanford C. Bernstein upgraded BHP Billiton Limited from a "market perform" rating to an "outperform" rating and set a $44.88 target price for the company in a research report on Wednesday, July 5th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company's stock.

BHP Billiton Limited (NYSE:BHP) traded down 0.50% during midday trading on Tuesday, hitting $39.44. About 800 shares traded. The stock has a 50-day moving average of $35.28 and a 200-day moving average of $37.09.

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Beta is also an important valuation ratio for analyzing the stock of the company, BHP has Beta of 1.14 while its industry and Sector's beta remains at 1.29 and 0.93 respectively. BHP Billiton Limited has a one year low of $27.83 and a one year high of $41.79.

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In its latest production update, the FTSE 100-listed group said its Australian mines produced 70mln tonnes of iron ore in the final quarter of fiscal 2017, sending annual output to 268mln tonnes against guidance of 268mln-272mln tonnes. Whilst the company expects a turnaround in its key copper unit (driven by Escondida), the weaker outlook for the US Onshore division (absent additional capital) in FY18 will likely be a focus of investor push-back.

Superior Energy Services, Inc. provides a range of services and products to the energy industry related to the exploration, development and production of oil and natural gas.

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