Equities researchers at HSBC started coverage on shares of BHP Billiton Ltd. (NYSE:BHP) in a research note issued to investors on Thursday. The firm set a “hold” rating on the mining company’s stock.

Other equities analysts have also issued reports about the stock. Jefferies Group raised shares of BHP Billiton from a “hold” rating to a “buy” rating and lifted their price target for the stock from $28.00 to $33.00 in a report on Tuesday, August 23rd. Bank of America Corp. reaffirmed a “buy” rating on shares of BHP Billiton in a report on Tuesday, August 16th. Zacks Investment Research raised shares of BHP Billiton from a “hold” rating to a “buy” rating and set a $32.00 price target on the stock in a report on Thursday, July 21st. Vetr lowered shares of BHP Billiton from a “strong-buy” rating to a “buy” rating and set a $35.05 price target on the stock. in a report on Wednesday, September 21st. Finally, Argus raised shares of BHP Billiton from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a report on Tuesday, August 30th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $30.34.

Analyst Recommendations for BHP Billiton (NYSE:BHP)

BHP Billiton (NYSE:BHP) opened at 37.50 on Thursday. The company has a 50-day moving average price of $34.92 and a 200-day moving average price of $30.78. BHP Billiton has a one year low of $18.46 and a one year high of $39.12. The company’s market capitalization is $99.80 billion.

Hedge funds and other institutional investors have recently modified their holdings of the company. NEXT Financial Group Inc increased its position in shares of BHP Billiton by 657.6% in the third quarter. NEXT Financial Group Inc now owns 3,076 shares of the mining company’s stock worth $107,000 after buying an additional 2,670 shares during the period. Toronto Dominion Bank increased its position in shares of BHP Billiton by 229.3% in the second quarter. Toronto Dominion Bank now owns 4,210 shares of the mining company’s stock worth $121,000 after buying an additional 7,465 shares during the period. Signaturefd LLC increased its position in shares of BHP Billiton by 50.0% in the second quarter. Signaturefd LLC now owns 4,454 shares of the mining company’s stock worth $127,000 after buying an additional 1,485 shares during the period. Manchester Capital Management LLC increased its position in shares of BHP Billiton by 1.3% in the second quarter. Manchester Capital Management LLC now owns 4,896 shares of the mining company’s stock worth $140,000 after buying an additional 61 shares during the period. Finally, Carroll Financial Associates Inc. increased its position in shares of BHP Billiton by 2.0% in the second quarter. Carroll Financial Associates Inc. now owns 5,014 shares of the mining company’s stock worth $143,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds own 4.60% of the company’s stock.

About BHP Billiton

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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