BHP Billiton Limited (NYSE:BHP) – Stock analysts at Jefferies Group increased their FY2018 earnings estimates for BHP Billiton Limited in a research note issued on Thursday. Jefferies Group analyst C. Lafemina now forecasts that the mining company will earn $2.46 per share for the year, up from their previous estimate of $2.24. Jefferies Group currently has a “Hold” rating and a $32.00 price target on the stock. Jefferies Group also issued estimates for BHP Billiton Limited’s FY2020 earnings at $2.74 EPS.

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A number of other research firms also recently commented on BHP. BidaskClub downgraded BHP Billiton Limited from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Deutsche Bank AG upgraded BHP Billiton Limited from a “hold” rating to a “buy” rating in a report on Wednesday, July 5th. Zacks Investment Research upgraded BHP Billiton Limited from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 8th. UBS AG upgraded BHP Billiton Limited from a “neutral” rating to a “buy” rating in a report on Thursday, June 8th. Finally, Royal Bank Of Canada downgraded BHP Billiton Limited from a “sector perform” rating to an “underperform” rating in a report on Thursday. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $34.67.

BHP Billiton Limited (NYSE:BHP) opened at 44.16 on Monday. The stock’s 50 day moving average price is $41.04 and its 200 day moving average price is $37.63. BHP Billiton Limited has a 52-week low of $29.30 and a 52-week high of $44.24. The stock has a market capitalization of $117.55 billion, a price-to-earnings ratio of 20.00 and a beta of 1.12.

A number of institutional investors have recently made changes to their positions in the stock. Raymond James Trust N.A. boosted its position in BHP Billiton Limited by 0.3% during the 2nd quarter. Raymond James Trust N.A. now owns 6,830 shares of the mining company’s stock worth $243,000 after purchasing an additional 21 shares during the period. Bridge Creek Capital Management LLC boosted its position in BHP Billiton Limited by 0.4% during the 2nd quarter. Bridge Creek Capital Management LLC now owns 16,973 shares of the mining company’s stock worth $604,000 after purchasing an additional 75 shares during the period. CENTRAL TRUST Co boosted its position in BHP Billiton Limited by 1.5% during the 2nd quarter. CENTRAL TRUST Co now owns 5,668 shares of the mining company’s stock worth $201,000 after purchasing an additional 85 shares during the period. Point View Wealth Management Inc. boosted its position in BHP Billiton Limited by 0.3% during the 2nd quarter. Point View Wealth Management Inc. now owns 39,723 shares of the mining company’s stock worth $1,414,000 after purchasing an additional 135 shares during the period. Finally, Caz Investments LP boosted its position in BHP Billiton Limited by 1.6% during the 2nd quarter. Caz Investments LP now owns 16,550 shares of the mining company’s stock worth $589,000 after purchasing an additional 260 shares during the period. 2.98% of the stock is owned by hedge funds and other institutional investors.

The firm also recently declared a Semi-Annual dividend, which will be paid on Tuesday, September 26th. Investors of record on Friday, September 8th will be given a dividend of $0.86 per share. This represents a yield of 4.04%. This is a boost from BHP Billiton Limited’s previous Semi-Annual dividend of $0.32. The ex-dividend date is Thursday, September 7th.

About BHP Billiton Limited

BHP Billiton Limited is a global resources company. The Company is a producer of various commodities, including iron ore, metallurgical coal, copper and uranium. Its segments include Petroleum, Copper, Iron Ore and Coal. The Petroleum segment is engaged in the exploration, development and production of oil and gas.

Earnings History and Estimates for BHP Billiton Limited (NYSE:BHP)

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