BHP Billiton Ltd. (NYSE:BHP) had its price objective lifted by equities research analysts at Cowen and Company from $32.00 to $40.00 in a note issued to investors on Thursday. The brokerage presently has a “market perform” rating on the mining company’s stock. Cowen and Company’s price target would suggest a potential upside of 5.65% from the company’s current price.

A number of other analysts also recently issued reports on the company. BMO Capital Markets reaffirmed a “hold” rating on shares of BHP Billiton in a research report on Monday, August 29th. Jefferies Group reaffirmed a “buy” rating on shares of BHP Billiton in a research report on Friday, October 21st. Zacks Investment Research raised BHP Billiton from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a research report on Thursday, July 21st. Vetr downgraded BHP Billiton from a “strong-buy” rating to a “buy” rating and set a $35.05 target price on the stock. in a research report on Wednesday, September 21st. Finally, Barclays PLC reaffirmed a “hold” rating on shares of BHP Billiton in a research report on Saturday, October 8th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $30.34.

Analyst Recommendations for BHP Billiton (NYSE:BHP)

BHP Billiton (NYSE:BHP) opened at 37.86 on Thursday. The firm’s market cap is $100.75 billion. BHP Billiton has a 12-month low of $18.46 and a 12-month high of $38.61. The firm has a 50-day moving average price of $34.61 and a 200 day moving average price of $30.67.

Several large investors have recently modified their holdings of BHP. Jarislowsky Fraser Ltd boosted its stake in shares of BHP Billiton by 2,730.8% in the second quarter. Jarislowsky Fraser Ltd now owns 26,407,326 shares of the mining company’s stock valued at $1,116,711,000 after buying an additional 25,474,458 shares during the period. Wellington Management Group LLP boosted its stake in shares of BHP Billiton by 148.5% in the first quarter. Wellington Management Group LLP now owns 1,662,710 shares of the mining company’s stock valued at $43,064,000 after buying an additional 993,690 shares during the period. TIAA CREF Investment Management LLC bought a new stake in shares of BHP Billiton during the third quarter valued at about $27,153,000. LMR Partners LLP bought a new stake in shares of BHP Billiton during the third quarter valued at about $16,672,000. Finally, Marketfield Asset Management LLC bought a new stake in shares of BHP Billiton during the second quarter valued at about $13,397,000. Institutional investors and hedge funds own 4.60% of the company’s stock.

BHP Billiton Company Profile

BHP Billiton Limited is a global resources company. The Company is engaged in exploration, development, production, processing and marketing of minerals, such as iron ore, metallurgical and energy coal, copper, aluminum, manganese, uranium, nickel, silver and potash. It is also engaged in exploration, development, production and marketing of conventional and unconventional oil and gas.

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