BHP iron ore output hits new record but copper production tanks

BHP likely the most notable name in Wednesday's schedule

Shares in the FTSE 100 firm were down 0.11 per cent to 1,311p in morning trading. It is down 87.79% since July 19, 2016 and is uptrending. It has underperformed by 16.70% the S&P500.

Those shareholders may have fresh ammunition to throw at BHP, after the company was forced to resubmit its accounts in the United States because "deficiencies were identified in the controls and processes that were used to determine the impairments of certain onshore USA assets". The market capitalization of the company is at $104.92 Billion.

The world's largest mining company said iron ore production increased 8% year-on-year in the June quarter, while production of the steel making ingredient rose 4% to 231 million tonnes in the 2017 financial year. Similarly, the company's last 5 years high P/E ratio is 31.72 and low P/E is 10.69, whereas, the industry's and sector's high P/E for the past year is 24.96 and 146.09 respectively and low P/E ratio for the last 5 years is 9.99 for the industry and 14.12 for the Sector. Its segments include Petroleum, Copper, Iron Ore and Coal. Zacks Investment Research raised shares of BHP Billiton PLC from a "hold" rating to a "buy" rating and set a $35.00 price objective for the company in a research report on Wednesday, April 5th. Therefore 50% are positive.

BBL has been the topic of a number of recent analyst reports. HSBC Holdings plc cut BHP Billiton Limited from a "buy" rating to a "hold" rating in a research report on Friday. As per Tuesday, September 20, the company rating was upgraded by Macquarie Research.

The company holds a 23.9 percent stake in the Mad Dog project in the USA waters of the Gulf of Mexico, a program controlled by British energy company BP. Production by 2022 is expected to be around 140,000 gross barrels of crude oil per day. (NYSE:C), 17 have Buy rating, 3 Sell and 12 Hold. JP Morgan maintained BHP Billiton Limited (ADR) (NYSE:BHP) on Wednesday, July 22 with "Neutral" rating. Finally, Citigroup Inc. reissued a "buy" rating on shares of BHP Billiton PLC in a research note on Tuesday, April 11th. The firm has "Neutral" rating given on Wednesday, December 7 by Credit Suisse.

"Unlike its major peer Rio Tinto, we would not expect the market to start anticipating additional capital returns from BHP".

Production from BHP's oil and gas business which has come under pressure from activist shareholders keen on a spin-off of the division declined 13% to 208m barrels oil equivalent. The company has market cap of $1.64 billion. Total copper production is forecast to increase to between 1,655 and 1,790 kt in the 2018 financial year. The Beta for the company stands at 1.13 and its Average True Range (ATR) shows a value of 0.72. 161 funds opened positions while 382 raised stakes. 165.05 million shares or 1.64% more from 162.38 million shares in 2016Q3 were reported. Employees Retirement System Of Texas holds 392,150 shares. Archford Capital Strategies Limited Liability Corp holds 94 shares or 0% of its portfolio. After $0.44 actual EPS reported by Host Hotels and Resorts Inc for the previous quarter, Wall Street now forecasts 4.55% EPS growth. Broadview Advsr Limited Com stated it has 262,724 shares.

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