BHP Billiton (BBL) Falls: Stock Goes Down 6.2%
BHP Billiton plc (BBL) saw a big move last session, as the company’s shares fell by over 6% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as BBL is now trading below the volatile price range of $67.2 to $71.0 in the past one-month time frame.
This slump shouldn’t be too much of a surprise to investors, as the Mining company has seen 1 negative revision in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
BBL currently has a Zacks Rank # 4(Sell) while its Earnings ESP is 0.00%.
Some better-ranked stocks in the Mining industry include Impala Platinum Holdings Ltd. (IMPUY), U.S. Silica Holdings, Inc. (SLCA) and Dominion Diamond Corporation (DDC). While Impala Platinum and U.S. Silica hold a Zacks Rank #1 (Strong Buy), Dominion Diamond carries a Zacks Rank #2 (Buy).
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(BBL): Free Stock Analysis Report
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