BHP Billiton Limited (NYSE:BHP) shot up 5% on Thursday . The company traded as high as $48.63 and last traded at $48.50. 4,516,616 shares changed hands during mid-day trading, an increase of 78% from the average session volume of 2,540,208 shares. The stock had previously closed at $46.18.
A number of research firms recently weighed in on BHP. Zacks Investment Research cut BHP Billiton from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 1st. ValuEngine upgraded BHP Billiton from a “sell” rating to a “hold” rating in a research note on Friday, September 14th. Finally, Deutsche Bank cut BHP Billiton from a “buy” rating to a “hold” rating in a research note on Monday, September 10th. Nine investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $48.20.
The company has a debt-to-equity ratio of 0.40, a current ratio of 2.51 and a quick ratio of 2.24. The stock has a market capitalization of $77.18 billion, a price-to-earnings ratio of 14.30, a price-to-earnings-growth ratio of 2.60 and a beta of 1.10.
BHP Billiton Company Profile (NYSE:BHP)
BHP Billiton Limited discovers, acquires, develops, and markets natural resources worldwide. It operates through four segments: Petroleum, Copper, Iron Ore, and Coal. The company explores for copper, silver, lead, zinc, molybdenum, uranium, gold, and iron ore, as well as metallurgical and energy coal, and oil and gas properties.
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