BHP iron ore output hits new record but copper production tanks

BHP iron ore output hits new record but copper production tanks

V Wealth Management LLC purchased a new position in shares of BHP Billiton Limited (NYSE:BHP) during the second quarter, according to its most recent Form 13F filing with the SEC.

BHP Billiton will undertake a major smelter maintenance campaign which will be done in a phased manner between August and November this year. Hedge funds and other institutional investors own 2.99% of the company's stock. Scout Investments Inc. increased its stake in shares of BHP Billiton Limited by 186.0% in the first quarter. Elliott Management Corp now owns 2,010,151 shares of the mining company's stock worth $63,239,000 after buying an additional 1,229,400 shares in the last quarter. Proficio Capital Partners LLC grew its ownership by buying 1,727 shares an increase of 122.8% in the quarter. MAVEN SECURITIES Ltd purchased a new stake in shares of BHP Billiton Limited during the first quarter worth approximately $19,332,000. Hudson Bay Capital Management LP purchased a new position in BHP Billiton PLC during the fourth quarter worth $1,227,000. Hedge funds and other institutional investors own 2.99% of the company's stock. The dividend was $0.270 per share for the quarter or $1.08 annualized.

BHP chief executive officer Andrew McKenzie said the company's people had stepped up to unlock low-priced latent capacity and achieve productivity gains across its tier one assets. The 50 day moving average went up $3.53 or +9.85% whereas the 200 day average was up by +6.00%. The company has market cap of $1.64 billion. If you are accessing this article on another domain, it was stolen and reposted in violation of global copyright & trademark law. The correct version of this story can be accessed at https://stocknewstimes.com/2017/07/19/west-coast-financial-llc-cuts-stake-in-bhp-billiton-limited-nysebhp.html.

The shale guidance was 20 per cent below some analyst expectations, but should be temporary, with BHP set to double spending in the division and boost rigs from three in March 2017 to 10. UBS AG raised BHP Billiton Limited from a "neutral" rating to a "buy" rating in a research note on Thursday, June 8th. Sanford C. Bernstein upgraded BHP Billiton Limited from a "market perform" rating to an "outperform" rating and set a $44.88 target price for the company in a research report on Wednesday, July 5th. Goldman Sachs Group, Inc. Finally, Argus decreased their target price on BHP Billiton Limited from $46.00 to $34.00 and set a buy rating for the company in a research report on Tuesday, June 27th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company's stock. GBX 1157.43's average target is -11.68% below currents GBX 1310.5 stock price. BHP Billiton Limited (ADR) (NYSE:BHP) has risen 34.32% since July 19, 2016 and is uptrending.




BHP increased production at its Western Australian Iron Ore (WAIO) operations by 4 per cent in the 2017 financial year.

Superior Energy Services, Inc. provides a range of services and products to the energy industry related to the exploration, development and production of oil and natural gas.

BHP today said it meant to increase activity in the U.S. oil and shale-gas fields that Elliott wants to see sold.

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