|Bid||32.75 x 0|
|Ask||32.95 x 0|
|Day's range||32.63 - 33.10|
|52-week range||22.15 - 34.63|
|PE ratio (TTM)||37.19|
|Earnings date||21 Aug. 2018|
|Forward dividend & yield||1.76 (5.39%)|
|1y target est||25.56|
BHP Billiton (BHP) to sell its smallest copper mine in Chile, in sync with its plans to focus on large scale projects henceforth.
BHP Billiton Ltd. agreed to sell its smallest copper mine in Chile to EMR Capital Advisors Pty for as much as $320 million as the world’s biggest mining company focuses only on major operations. The Melbourne-based private equity firm’s acquisition of the Cerro Colorado mine ends a protracted attempt by BHP to offload the asset. While Deutsche Bank AG said in a report last year it could fetch $800 million, BHP agreed to $230 million in cash, plus $40 million in proceeds from copper stocks and about $50 million depending on where copper prices go.
BHP Billiton's (BHP) capital efficient South Flank project will leverage and expand the existing Mining Area C hub. It is anticipated to be a highly-competitive operation.
BHP Billiton will spend $2.9bn expanding its South Flank iron ore project in Western Australia, targeting 25 years of further production of the key steelmaking ingredient. The move comes as steel mills in China are increasingly using higher-quality iron ore in an effort to cut down on pollution and improve efficiency. The country imported a record 1.07bn tonnes of iron ore in 2017.
BHP Billiton Ltd. approved the $2.9 billion development of its South Flank iron ore project in Western Australia to replace existing mines. The world’s biggest mining company expects production to start in 2021 at the project, which is intended to replace depleting mines rather than adding new supply, BHP said in a statement Thursday. The development of South Flank will help BHP increase the quality of its iron ore at a time when high-grade material is selling at a premium.
Which Stocks Are Analysts Favoring amid High Volatility? Of the 13 analysts covering Rio Tinto (RIO) stock, 61% recommend “buy,” 31% recommend “hold,” and 8% recommend “sell.” One year back, 80% of analysts recommended “buy.” In comparison, of the analysts covering BHP Billiton (BHP) and Vale (VALE), 53% and 56% recommend “buy,” respectively. Cleveland-Cliffs (CLF), which is mainly exposed to the US domestic market, has “buy” recommendations from 54% of analysts covering the stock.
BHP Billiton’s (BHP) stock had gained 12.5% year-to-date as of June 7, while the SPDR S&P Metals and Mining ETF (XME) had gained 5.3%. Whereas the stock’s performance over the first three months of the year was negative due to weak iron ore prices, it picked up in April. Along with higher commodity prices, company-specific factors boosted the stock. BHP expects to monetize its US shale assets, which should be positive given the benign oil price environment. Its shale assets have received bids from oil giants BP (BP), Royal Dutch Shell (RDS. ...
Of the 17 analysts covering BHP Billiton (BHP), 53% recommend “buy,” 41% recommend “hold,” and 6% recommend “sell.” Their consensus target price for BHP is $33.20, which implies a 1% downside based on its current market price. Unlike BHP, peers (XME) Vale (VALE), Cleveland-Cliffs (CLF), and Freeport-McMoran (FCX) have an upside potential based on their target prices.
The main union at Escondida in Chile presented its demands to owner BHP Billiton Ltd. on Friday, and the company has until the weekend to deliver its counteroffer. “If I was an investor, I would be betting on this being resolved quickly,” union spokesman Carlos Allendes said in an interview in Santiago on Wednesday. BHP and its workers at Escondida failed to reach an agreement last year, leading to the longest mining strike in Chile’s modern history.
Chevron, Royal Dutch Shell and BP are among reported potential buyers for BHP Billiton's shale assets, which could fetch $10 billion-$13 billion.
The BHP Billiton Limited (ASX:BHP) share price will be on watch today after reports claimed that it has received bids of up to US$9 billion for its U.S. shale assets...
BHP Billiton Ltd. has received first-round bids for its U.S. shale portfolio from oil majors including BP Plc and Chevron Corp., valuing the unit at $7 billion to $9 billion, people familiar with the matter said. Royal Dutch Shell Plc, partnering with private equity firm Blackstone Group LP, also submitted a bid for the entire unit late in May, said the people, asking not to be identified because the information is private. Chevron has teamed up with another private equity firm, while BP is pursuing them alone, the people said.
BHP Billiton plc (LSE:BLT) trades with a trailing P/E of 26x, which is higher than the industry average of 12.6x. While BLT might seem like a stock to avoid orRead More...
BHP Billiton (BHP) continues to strengthen competency on higher mining yield and stronger liquidity. However, continued pressure on iron ore prices remains a major drag.
One leading broker has named six reasons why investors should choose BHP Billiton Limited (ASX:BHP) ahead of rival Rio Tinto Limited (ASX:RIO). Should you?
BHP Billiton Ltd., the world’s biggest miner, forecasts reforms in China’s steel sector will continue to hand an advantage to suppliers of higher-quality iron ore and coking coal as consumption of the alloy keeps growing well into the next decade. Steel mills are likely to retain about two-thirds of the improvements in margins seen since a push began in China in late 2015 to reduce excess capacity and meet more stringent environmental standards, Chief Commercial Officer Arnoud Balhuizen said Monday in an interview with Bloomberg Television.
BP Plc is weighing an acquisition of some of BHP Billiton Ltd.’s energy assets as the British oil major seeks more U.S. shale, according to people familiar with the matter. The London-based company is working with Morgan Stanley to advise on the plans, said the people, asking not to be identified as the matter is private. BP is weighing teaming up with other suitors or swapping conventional assets -- where oil and gas typically flow more easily to the surface than shale -- with BHP, they said.
Anglo American Plc, Glencore Plc and BHP Billiton Ltd. are generating the highest profits in years from their coal mines. Income for the 37 coal producers tracked in a Bloomberg Intelligence index was the highest in six years. It all comes down to the simplest equation in business: supply and demand.
A court in Brazil has granted an additional 66 days for BHP Billiton, Vale and their joint venture partner Samarco to negotiate a settlement of multi-billion dollar public civil claims over the 2015 mine dam collapse in Brazil. BHP on Monday said the deadline - a second extension granted by the Brazilian court - will now be June 25 and until that time, the current suspension of legal proceedings will remain in place. The Brazilian court in November granted a 150-day extension to negotiate the settlement.