|Bid||45.00 x 4000|
|Ask||50.00 x 1300|
|Day's Range||48.92 - 49.38|
|52 Week Range||39.92 - 52.62|
|PE Ratio (TTM)||35.46|
|Forward Dividend & Yield||2.52 (5.54%)|
|1y Target Est||46.03|
Investors pursuing a solid, dependable stock investment can often be led to BHP Billiton plc (LON:BLT), a large-cap worth UK£89.33b. Doing business globally, large caps tend to have diversified revenueRead More...
Stocks that moved substantially or traded heavily Friday: Texas Instruments Inc., up $1.56 to $110.05 The chipmaker raised its quarterly dividend and said it will buy back $12 billion in stock. United ...
When the song "Eagle Rock" played at a bar in an outback Australian mining town of Kalgoorlie late one night, a dozen young men scattered around a pool table dropped their trousers and heartily sang along in their underwear. Later that night, they piled behind the counter of the bar attached to the Western Australian School of Mines (WASM), singing an anthem that began, "We are engineers," and finished with an obscene description of how they treat women. "If we could attract more women, it could go a long way to helping any future skills shortage," said Paul Cooper, regional chief executive of mining for recruiting company Sodexo, which is a key supplier to the industry and whose workforce is almost half women.
At the end of July, BP PLC (BP) announced it is acquiring the bulk of BHP Billiton's (BHP) U.S. shale oil and gas assets for $10.5 billion, increasing its land area by roughly half a million acres and helping it gain access to high-quality shale assets like Eagle Ford, Haynesville and the Permian Basin. The agreement comes two years after the company reached a settlement with the U.S. federal government and states around the Gulf of Mexico for the fatal accident at Deepwater Horizon. The 2010 disaster forced the company to sell off billions of dollars in assets and has cost more than $65 billion in clean up and legal fees to date.
When Ken MacKenzie was named chairman of BHP Billiton last year, one of the first things he did was hit the road and meet with more than 100 shareholders of the world’s biggest mining company on a “listening tour”.
, took home an extra $100,000 last year but did not receive any long-term bonus payments as the company’s performance lagged its peers. The Scottish-born geologist, who has led the world’s biggest mining company since 2013, had a base salary of $1.7m in the year to June, the same as in 2017, plus a short-term bonus of $2.4m, paid equally in cash and deferred shares.
BHP Billiton (BHP) aims to remove the second half of its name this year, the next step in a rebranding push that has focused the world’s biggest listed miner on its Australian roots.
Rising U.S.-China trade tensions threaten to curb consumer purchasing power, crimp productivity growth and limit global economic expansion, according to the world’s biggest mining company. The confrontation between the world’s top two economies, “along with an increasingly unpredictable policy formation process” in some nations, serves to reduce consumer confidence and business certainty, BHP Billiton Ltd. said Tuesday in its annual report. Protectionist policies and political uncertainty lower the achievable ceiling for global economic growth, it said.
Copper miners including Freeport-McMoRan (FCX) and Glencore (GLEN-L) are having a terrible year, as copper prices have lost ~20% year-to-date. Copper miners might not get a reprieve anytime soon. Costs have risen for copper mining companies pretty much across the board.
Natural gas prices have seen some volatility over the past few months, bouncing between highs near $3.00 per million British thermal units (MMBtu) and lows just above $2.50. The commodity currently trades at roughly $2.
Anglo American Plc has quietly become a commodities trader. In just five years, the century-old miner assembled marketing operations that now sell more metals than the company produces. Anglo’s move into trading goes against a long-standing industry maxim: miners don’t trade.
The latest earnings update BHP Billiton Limited (ASX:BHP) released in June 2018 indicated that the company gained from a robust tailwind, leading to a double-digit earnings growth of 12.5%. BelowRead More...
As we discussed in the previous part, trade war concerns are a short-term risk for copper prices (XME). However, the long-term outlook seems positive given the supply-demand dynamics. Along with the macro scenario, Freeport-McMoRan (FCX) also faces uncertainty about its Grasberg operations. Although the company announced a non-binding head of agreement with the Indonesian government, it still needs to sign a definitive agreement and address the environmental claims made by the Indonesian government. In this part, we’ll discuss Freeport-McMoRan’s valuation given its risk-return trade-off.
Copper prices have come under pressure this year. While supply resilience has made traders bearish on copper, US-China trade war concerns have taken a toll on copper prices (BHP). Copper prices are seen as an indicator of global economic activity. Traders have betted against copper amid the trade war.
As we discussed in the previous part, Freeport-McMoRan (FCX) has seen negative price action this year. Other copper miners like Southern Copper (SCCO), Glencore (GLEN-L), and Antofagasta (ANTO) have also followed copper lower. For investors in companies like Freeport-McMoRan, the scars of the 2015–2016 sell-off are fresh. In January 2016, Freeport-McMoRan stock fell below $4 as copper prices fell below $4,500 per metric ton.
Freeport-McMoRan (FCX), the leading US-based copper miner (DIA), is having a tough year. The stock has lost 27.7% YTD (year-to-date) based on the closing prices on September 12. Other copper miners are also feeling the heat. Copper is caught in the US-China trade war. Copper prices are hovering near $6,000 per metric ton. In June, copper rose past $7,200 per metric ton to a four-year high.
Strong operational performance, lower debt, investments and a simplified portfolio will aid growth at BHP Billiton (BHP) despite a supply glut in iron ore weighing on prices.
announced results last month, its chief executive Andrew Mackenzie paused to reflect. later this year, Mr Mackenzie will preside over a company focused on just four commodities — copper, iron ore, coking coal and offshore oil — and 13 operated assets.
China (FXI) is the world’s biggest copper importer. Copper mining is concentrated in Latin America, and companies including Freeport-McMoRan (FCX), Antofagasta (ANTO), and BHP Billiton (BHP) operate copper mines in the region. Copper prices are seen as an indicator of global economic activity (ACWI).
Based on BHP Billiton Limited’s (ASX:BHP) earnings update in June 2018, analyst consensus outlook appear cautiously optimistic, with earnings expected to grow by 40.8% in the upcoming year compared withRead More...
On August 31, Rio Tinto (RIO)(TRQ) stock had returned -9.3% year-to-date. Similar to BHP Billiton (BHP) stock, it fell 2.6% in the first quarter. As commodity prices firmed up, the miners’ stocks picked up in April.
Sep.18 -- Bloomberg's Christine Burke takes a look at some of the big stories of the day on "Bloomberg Daybreak: Middle East."