BHP Billiton plc (NYSE:BBL) saw unusually-strong trading volume on Wednesday, MarketBeat.Com reports. The 1 year high for the stock price is 1799.5 GBX while the 52 week low is 955.6 GBX. BNP Paribas restated a neutral rating and issued a GBX 1,100 ($17.08) price target (up previously from GBX 1,050 ($16.30)) on shares of BHP Billiton plc in a report on Friday, September 18th. The company has a 50-day moving average of GBX 1,099.27 and a 200-day moving average of GBX 1,281.62. Sanford C. Bernstein reissued a “market perform” rating and issued a GBX 1,725.39 ($26.79) price objective on shares of BHP Billiton plc in a research report on Monday, June 1st.
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The company paid US$5.2 billion (S$7.4 billion) in taxes, royalties and other payments to the Australian government, Mr Beaven said, part of a total global economic contribution last financial year of US$35.7 billion, which also included community contributions, payments to suppliers, wages and employee benefits and dividends. Finally, Citigroup Inc. reaffirmed a “buy” rating and set a GBX 1,200 ($18.63) price target on shares of BHP Billiton plc in a research report on Wednesday, September 16th.
Out of 23 brokers covering BHP Billiton, 11 rate it a Buy, 15 indicate a Hold while 1 suggest a Sell.
BlackRock has revealed it is no longer a substantial shareholder in mining giant BHP Billiton.
BHP in August reported an 86 per cent drop in net profit to $US1.9 billion amid falling iron ore, copper, coal and petroleum prices. The Company extracts and process minerals, and oil and gas from its production operations located primarily in Australia, the Americas and Southern Africa. Operations the Company’s assets and interests are divided into five business units, Petroleum and Potash, Copper, Iron ore, Coal and Aluminum, Manganese and Nickel. The Company’s Petroleum and Potash Business consists of traditional and non- standard operations and an endeavor that is potash. The Copper company of the Company produces relevant ores and copper and minerals.
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In its annual report, chairman Jac Nasser reiterated his statement at the company’s annual general meeting when he said: “Events this year have been a reminder of how uncertain and volatile politics and economics can be”. The coal company of the Firm creates multiple forms of coal. The Firm’s Aluminum, Manganese and Nickel business is a maker of aluminum, manganese and nickel.
