Shares of BHP Billiton plc (NYSE:BBL) traded down 5.176% during trading on Wednesday, reaching $31.605.
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BHP Billiton Plc (LON:BLT) said today that it will maintain its goal to “steadily increase or at least maintain” the dividend per share in USA currency at each half-yearly payment. Finally, Jefferies Group upgraded BHP Billiton plc to a buy rating and lifted their price objective for the stock from GBX 1,150 ($17.85) to GBX 1,300 ($20.18) in a research report on Monday, September 14th. Goldman Sachs decreased their price target on BHP Billiton plc from GBX 1,050 ($16.30) to GBX 1,000 ($15.53) and set a neutral rating for the company in a report on Tuesday, September 15th. BHP Billiton plc has a 52 week low of GBX 955.60 and a 52 week high of GBX 1,799.50.
A number of research firms have issued reports on BBL. 3 analysts have rated the company at hold.
Shares of BHP Billiton plc (LON:BLT) opened at 1076.00 on Monday.
The firm has a 50-day moving average price of $34.24 and a 200-day moving average price of $40.61. The company presently has a consensus rating of Hold and an average price target of $47.25.
“The increasing interest in hybrid capital by global debt investors combined with the relatively low interest rate environment make this an opportune time for BHP Billiton to consider hybrid capital instruments”, the company said in a filing to the ASX. The stock has a market cap of $84.04 billion and a P/E ratio of 44.141. The Business mines, extracts and create coal, aluminum, copper, iron ore, manganese, nickel, silver and uranium, and oil and gas. The Organization procedure minerals and infusions, and oil and gas from its generation operations located principally in Australia, the Americas and Southern Africa. 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. Potash Business and the Company’s Petroleum includes normal and non- a potash job plus traditional operations.
The company will, however, reduce fees paid to its chairman by 13 per cent and non-executive directors by an average of 12 per cent from this year, after an annual benchmarking review.
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Beaven said that there was a small mark up on commodities produced globally and sold into Singapore, but this reflected an “appropriate value add” by its marketing team that helped to get the best deal for producers and boosted the value of commodites like iron ore taxed in Australia. The Firm’s coal business produces multiple variants of coal. The Aluminum, Manganese and Nickel business of the Business is a maker of aluminum, manganese and nickel.
