How Many BHP Billiton Limited (ADR) (NYSE:BHP)'s Analysts Are Bearish?

Mining truck

Analysts were expecting fourth quarter output of around 69mln tonnes. BHP Billiton set a fiscal 2018 production target of 275-280mln tonnes

A number of other hedge funds also recently modified their holdings of the company. Proficio Capital Partners LLC grew its ownership by buying 1,727 shares an increase of 122.8% in the quarter. Scout Investments Inc. now owns 1,153,905 shares of the mining company's stock worth $29,886,000 after buying an additional 750,402 shares in the last quarter. Toronto Dominion Bank now owns 4,669 shares of the mining company's stock worth $170,000 after buying an additional 519 shares during the period. JPMorgan Chase & Co. boosted its stake in BHP Billiton PLC by 68,636.4% in the first quarter. With 2.55 million avg volume, 7 days are for Bhp Billiton Limited (NYSE:BHP)'s short sellers to cover BHP's short positions. First Financial Corp IN now owns 10,887 shares of the mining company's stock valued at $387,000 after buying an additional 387 shares in the last quarter. (NYSE:SPN). Quantitative Invest Mngmt Ltd Liability Com owns 115,000 shares or 0.05% of their U.S. portfolio. BHP Billiton PLC had 431 analyst reports since July 22, 2015 according to SRatingsIntel.

Among 2 analysts covering BHP Billiton (NYSE:BBL), 1 have Buy rating, 0 Sell and 1 Hold.

BHP Billiton plc (LON:BLT) was downgraded by stock analysts at HSBC Holdings plc to a "hold" rating in a research report issued on Friday. The firm earned "Buy" rating on Friday, December 11 by Citigroup. Morgan Stanley set a GBX 1,410 ($18.41) price target on shares of BHP Billiton plc and gave the company a "buy" rating in a report on Thursday, July 6th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Finally, Argus cut their target price on BHP Billiton Limited from $46.00 to $34.00 and set a "buy" rating for the company in a research report on Tuesday, June 27th. BHP Billiton Limited declared a dividend for shareholders that was paid on Tuesday March 28th, 2017. The company had a trading volume of 1,593,427 shares. The stock's 50-day moving average price is $35.28 and its 200 day moving average price is $37.09. The market capitalization for the company is reported at $99.92 Billion. If you are reading this news story on another site, it was illegally stolen and reposted in violation of United States and global copyright laws. The correct version of this story can be read at https://www.themarketsdaily.com/2017/07/18/main-street-research-llc-has-8-81-million-stake-in-bhp-billiton-limited-bhp.html.

BHP Billiton Ltd yesterday said it would double the number of onshore USA shale rigs, despite a major shareholder pushing for the commodities giant to divest its United States oil and gas assets.

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.

The company has forecast iron ore production to rise by between 3 per cent and 5 per cent in fiscal 2018, and that could be higher if the controversial Samarco operation wins approval to restart within the next year.

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