BHP Billiton Ltd Receives a Hold from Argus Research

By Ryan Adsit

In a report released today, John Eade from Argus Research maintained a Hold rating on BHP Billiton Ltd (NYSE: BHP), with a price target of $46. The company’s shares closed yesterday at $37.54, close to its 52-week high of $39.12.

According to TipRanks.com, Eade is a top 100 analyst with an average return of 12.2% and a 75.0% success rate. Eade covers the Industrial Goods sector, focusing on stocks such as United Technologies Corp., Emerson Electric Company, and General Dynamics Corp.

BHP Billiton Ltd has an analyst consensus of Hold, with a price target consensus of $42.23.

The company has a one year high of $39.12 and a one year low of $18.46. Currently, BHP Billiton Ltd has an average volume of 3.52M.

BHP Billiton Ltd. engages in the exploration, development, production and processing of minerals, gas and oil. It operates through the following segments: Petroleum and Potash, Copper, Iron Ore, and Coal. The Petroleum and Potash segment explores, develops and produces oil and gas; plus the pre-development of Potash. The Copper segment mines copper, silver, lead, zinc, molybdenum, uranium and gold. The Iron Ore segment mines iron ore. The Coal segment mines metallurgical coal and thermal (energy) coal. The company was founded on June 29, 2001 and it is headquartered in Melbourne, Australia.