BHP - BHP Billiton Limited
47.70 0.00 (0.00%)
After hours: 4:13PM EDT
| Previous Close | 47.75 |
| Open | 48.00 |
| Bid | 46.51 x 100 |
| Ask | 48.33 x 100 |
| Day's Range | 47.57 - 48.03 |
| 52 Week Range | 33.37 - 50.79 |
| Volume | 2,630,295 |
| Avg. Volume | 3,042,775 |
| Market Cap | 124.438B |
| Beta | 1.19 |
| PE Ratio (TTM) | 27.07 |
| EPS (TTM) | 1.76 |
| Earnings Date | N/A |
| Forward Dividend & Yield | 2.20 (4.70%) |
| Ex-Dividend Date | 2018-03-08 |
| 1y Target Est | 44.56 |
Market Realist•yesterdayBHP Trims Iron Ore Guidance—How Iron Ore Prices Could Respond
On April 18, BHP Billiton (BHP) released its operational review of the nine months ended March 2018. Iron ore (PICK) volumes are key to BHP Billiton’s revenues and earnings, as iron ore is the largest commodity produced by the company.
- Market Realist•yesterday
Why Commodity Stocks Surged on April 18—All You Need to Know
April 18, 2018, belonged to commodity stocks (COMT), some of which saw their highest one-day gains in months. Among the iron ore and diversified companies, Glencore (GLNCY) surged 7.7%, and Anglo American (AAUKY) saw price gains of 6.2%. BHP Billiton (BHP), Rio Tinto (RIO), Vale SA (VALE), and Cleveland-Cliffs (CLF) rose 3.3%, 4.0%, 4.2%, and 4.4%, respectively.
- Zacks•yesterday
BHP Billiton (BHP) Lowers Iron-Ore Production View for FY18
BHP Billiton (BHP) trims iron-ore output guidance for fiscal 2018. Northward movement in the price of this major steel-making product is expected to drive the company's performance.
- Financial Times•yesterday
[$$] BHP Billiton cuts iron ore production forecast
BHP Billiton, the world’s biggest mining company, has cut production guidance for its most important commodity after problems with the giant machines used to pick up and empty rail cars loaded with iron ore. It blamed the downgrade on “car dumper reliability issues as we push to record levels of production” at its operations in western Australia. Iron ore is BHP’s main source of earnings.
- Reuters•2 days ago
BHP cuts 2018 iron ore forecast, cites rail car upload problems
BHP Billiton Ltd cut its 2018 fiscal year iron ore output guidance on Thursday citing issues in its railroad car unloading system, while also slightly raising its copper output expectations given higher production at the Escondida mine. A car dumper is a machine that unloads bulk cargoes from rail road cars. Overall, the outcome of the global miner's third quarter production was balanced as lower iron ore output and eased guidance should be broadly offset by a slight pick up in third quarter copper production and upgraded guidance, said Sydney-based brokerage Shaw and Partners in a report.
- The Wall Street Journal•2 days ago
[$$] BHP Trims Iron Ore, Olympic Dam Output Forecasts
Ltd. (BHP.AU) said it would produce less iron ore than expected this fiscal year because of unplanned maintenance work, and also cut expectations for its Olympic Dam copper mine in Australia. BHP, the world’s top listed miner, on Thursday reported iron-ore production of 58 million metric tons for the three months through March, up 8% on-year but 6% lower than the quarter immediately prior. The company meantime lowered fiscal-year production guidance for its Olympic Dam mine in southern Australia to roughly 135,000 tons from 150,000 tons because of a slower-than-anticipated ramp up following maintenance work there.
- Reuters•2 days ago
BHP cuts 2018 iron ore forecast, cites rail car upload problems
BHP Billiton Ltd cut its 2018 fiscal year iron ore output guidance on Thursday citing issues in its railroad car unloading system, while also slightly raising its copper output expectations given higher production at the Escondida mine. A car dumper is a machine that unloads bulk cargoes from rail road cars. Overall, the outcome of the global miner's third quarter production was balanced as lower iron ore output and eased guidance should be broadly offset by a slight pick up in third quarter copper production and upgraded guidance, said Sydney-based brokerage Shaw and Partners in a report.
- Reuters•2 days ago
BHP 3rd-quarter iron ore output up 8 pct, cuts forecast
BHP Billiton Ltd said on Thursday its third quarter iron ore production rose 8 percent, but cut its 2018 fiscal year iron ore output guidance citing issues in its railroad cars unloading system. BHP's ...
Market Realist•2 days agoHow Wall Street Sees Freeport-McMoRan this Earnings Season
Previously in this series, we’ve looked at Freeport-McMoRan’s (FCX) 1Q18 earnings estimates and the key updates that markets might watch for on the company’s earnings call. In this final article of our series, we’ll see how analysts are rating Freeport ahead of its 1Q18 earnings release. Freeport has received a “strong buy” rating from one analyst while six analysts have a “buy” rating on the stock. Thirteen analysts have rated Freeport a “hold” or some equivalent, while the remaining three analysts polled by Thomson Reuters on April 17 rate the stock a “sell.” Freeport has received a mean consensus price target of $20.57, which represents 12.4% upside over April 17 closing prices.
Market Realist•2 days agoWhat to Watch for on Freeport-McMoRan’s 1Q18 Earnings Call
Grasberg issues could dominate Freeport’s 1Q18 earnings call. There are several uncertainties over Freeport’s Indonesia operations. See Uncertainties Surround Freeport’s Indonesia Operations to look at the issues Freeport is grappling in Indonesia. The Grasberg issues could also be affecting Freeport’s valuation.
Market Realist•2 days agoFreeport-McMoRan’s 1Q18 Earnings: The Word on Wall Street
Freeport-McMoRan (FCX), the leading US-based copper miner, is slated to release its 1Q18 earnings on April 24. Teck Resources (TECK) is also expected to release its quarterly earnings on the same day, followed by First Quantum Minerals’ (FM) earnings release on April 26. Since it’s quarterly earnings season, diversified miners including BHP Billiton (BHP) will likely only release their operational data, as these companies only release their half-yearly and annual financial results.
Reuters•2 days agoBHP Billiton to produce nickel sulphate next year, eying cobalt on battery boom
BHP Billiton (BHP.AX)(BLT.L) is expanding its business as a supplier of battery minerals at its nickel refinery in Western Australia, planning to start producing nickel sulphate next year and looking at cobalt output as well, a company executive said. Cobalt and nickel are both critical ingredients for lithium ion batteries, and are expected to see a boom in demand as global automakers transition into producing electric vehicles. After the DRC, Australia has the world's second-largest mineral reserves.
- MarketWatch•3 days ago
Miners lead FTSE 100 higher after Rio Tinto update; inflation data in focus
U.K. stocks rose for a second straight day on Wednesday, boosted by a strong performance in the basic resources sector after an upbeat trading update from mining giant Rio Tinto. Traders were also waiting for U.K. inflation data due at 9:30 a.m. London time, or 4:30 a.m. Eastern Time, which could weaken or strengthen the case for a Bank of England interest-rate rise next month. On Wednesday, however, the FTSE was less driven by the sterling action and instead boosted by corporate news.
- Simply Wall St.•3 days ago
Interested In BHP Billiton plc (LON:BLT)? Here’s What Its Recent Performance Looks Like
Examining BHP Billiton plc’s (LSE:BLT) past track record of performance is a valuable exercise for investors. It enables us to understand whether the company has met or exceed expectations, whichRead More...
- Simply Wall St.•4 days ago
Should You Sell BHP Billiton Limited (ASX:BHP) At This PE Ratio?
BHP Billiton Limited (ASX:BHP) is trading with a trailing P/E of 26.2x, which is higher than the industry average of 14x. While this makes BHP appear like a stock toRead More...
- Market Realist•4 days ago
Why the Closure of CLF’s Australian Operations Could Be Positive
Cleveland-Cliffs (CLF) announced on April 6, 2018, that it expects to close its Australian operations by June 30, 2018. The main factors driving this decision were as follows: the increasingly discounted prices for lower-content iron ore the quality of the remaining iron ore reserves at its Asia-Pacific operations the lack of a legitimate offer from a qualified buyer
Market Realist•4 days agoWhy Cliffs’ Asia-Pacific Segment Could Disappoint Again in 1Q18
While Cleveland-Cliffs’ (CLF) Asia-Pacific Iron Ore (or APIO) segment doesn’t contribute much to its revenue and earnings, it still accounts for many of its stock price movements via changes in seaborne iron ore prices.
Market Realist•7 days agoChina’s Copper Imports Steady in March amid Rising Inventories
China is the world’s biggest copper importer. Copper mining is concentrated in Latin America (ILF). Freeport-McMoRan (FCX) and Southern Copper (SCCO) have plants in the copper-rich region. China’s copper imports are seen as an indicator of the country’s copper demand. In this article, we’ll look at China’s March 2018 copper imports.
Market Realist•8 days agoUS-China Trade War and Copper: Is there a Connection?
Firstly, as China is the world’s largest copper consumer, anything negative for the Chinese economy is a bearish driver for industrial metals. BHP Billiton (BHP), Vale (VALE), and Rio Tinto (RIO) rely heavily on China’s metal appetite. A US-China trade war could impact the Chinese economy.
Market Realist•9 days agoCould Copper Markets Reach a Surplus in 2018?
Whether markets are in a state of deficit or surplus is a function of both supply and demand. In this article, we’ll look at leading copper miners’ 2018 operating plans to gauge how copper supply could play out this year. According to CNBC, Codelco CEO Nelson Pizarro stated that the world’s largest copper miner expects to produce “slightly more than 1.7 million tonnes of copper in 2018.” Codelco produced 1.7 billion pounds of copper last year, and the company expects its 2018 copper production to be similar.
Market Realist•9 days agoCopper Bulls Left Disheartened amid Smooth Labor Talks
Copper miners, including Freeport-McMoRan (FCX), Southern Copper (SCCO), and Antofagasta (ANTO), rallied last year as the metal surged ~30%. The charges are paid by copper miners to smelters for processing copper concentrates. Over the last year or so, LME inventory changes have been notorious for their timing, with sudden rises or falls impacting copper prices.
- Market Realist•9 days ago
Should Vale’s Valuation Be Re-Rated?
During Vale Day on December 6, 2017, Vale (VALE) CFO (chief financial officer) Luciano Siani Pires said that the company deserves a valuation re-rating due to its improved predictability, transparency, and better governance practices. Currently, Vale has a forward EV-to-EBITDA (enterprise value to earnings before interest, tax, depreciation, and amortization) multiple of 5.7x, 10.0% lower than its five-year average.
Market Realist•9 days agoHow Copper’s Fundamentals Look amid Trade War Buzz
In 2018, some observers expected copper to remain bullish amid a wave of labor contracts at leading copper mines including BHP Billiton’s (BHP) Escondida, the world’s largest copper mine. Also, Antofagasta (ANTO) managed to avert a strike at its Los Pelambres copper mine. To contrast, in 2017, there were disruptions at several mines, including some operated by Freeport-McMoRan (FCX), Southern Copper (SCCO), and Teck Resources (TECK). In the next article, we’ll see what fundamentals suggest for copper prices.
- MarketWatch•10 days ago
FTSE 100 ends at a 6-week high as China’s Xi calms tariff-weary market
U.K. stocks on Tuesday finish at the highest level in about six weeks, joining a global equity rally spurred by comments from President Xi Jinping, who promises to open China’s markets.
Market Realist•10 days agoHow Vale Could Benefit from China’s Switch to Higher-Quality Ore
Vale (VALE) believes that China’s fight against pollution has led to a huge variance between low-grade and high-grade material. It also expects the spreads between the 62% iron ore index and lower-grade ores to remain wide.
