BHP Billiton Ltd.

BHP Billiton is a global resources company. Co. operates under a Dual Listed Company (DLC) structure, which consists of the BHP Billiton Limited Group and the BHP Billiton Plc Group, operating as a single economic entity. As of June 30 2017, Co. operated four reportable segments: Petroleum, which is involved in the exploration, development and production of oil and gas; Copper, which is involved in the mining of copper, silver, lead, zinc, molybdenum, uranium and gold; Iron ore, which is involved in the mining of iron ore; and Coal, which is involved in the mining of metallurgical coal and thermal (energy) coal.
  • TickerBHP
  • ISINAU000000BHP4
  • ExchangeAustralian Securities Exchange
  • SectorMining
  • CountryAustralia

Analysts

Mathew Hodge

Morningstar | Raising our Near-Term Iron Ore Price Forecast with Additional Supply Disruptions

Near-term tightness in the iron ore market has persisted and intensified with several developments in Brazil further restricting Vale’s supply and Cyclone Veronica interrupting Pilbara shipments. We’ve factored in a further 20 million tonne reduction in Vale’s output in 2019 and 10 million tonnes in 2020. We now expect Vale to produce 350 million tonnes in 2019 and 370 million tonnes in 2020, down from an estimated 390 million tonnes in 2018. From Rio Tinto, BHP and Fortescue, we’ve lowered our forecasts by 10 million tonnes in total for 2019 due to the cyclone. The estimated 30 million tonnes...

Mathew Hodge

Raising our Near-Term Iron Ore Price Forecast with Additional Supply Disruptions

Near-term tightness in the iron ore market has persisted and intensified with several developments in Brazil further restricting Vale’s supply and Cyclone Veronica interrupting Pilbara shipments. We’ve factored in a further 20 million tonne reduction in Vale’s output in 2019 and 10 million tonnes in 2020. We now expect Vale to produce 350 million tonnes in 2019 and 370 million tonnes in 2020, down from an estimated 390 million tonnes in 2018. From Rio Tinto, BHP and Fortescue, we’ve lowered our ...

Mathew Hodge

Raising our Near-Term Iron Ore Price Forecast with Additional Supply Disruptions

Near-term tightness in the iron ore market has persisted and intensified with several developments in Brazil further restricting Vale’s supply and Cyclone Veronica interrupting Pilbara shipments. We’ve factored in a further 20 million tonne reduction in Vale’s output in 2019 and 10 million tonnes in 2020. We now expect Vale to produce 350 million tonnes in 2019 and 370 million tonnes in 2020, down from an estimated 390 million tonnes in 2018. From Rio Tinto, BHP and Fortescue, we’ve lowered our ...

Mathew Hodge

Morningstar | Further Supply Disruptions to Boost Near-Term Iron Ore but Declining Steel Demand in China Looms

BHP has several of the world's largest mines. Key mined commodities are iron ore, coking coal, and copper. In addition, the company has meaningful oil exposure with conventional petroleum, and liquefied natural gas, or LNG, assets. Onshore U.S. shale assets were sold in 2018. The iron ore mines in particular are at the low end of the industry cash cost curve; however, overinvestment during the peaks of the China boom, when capital costs were very high relative to historical standards, has diluted expected future returns. After adding back the not-inconsiderable write-downs, BHP’s invested capi...

Mathew Hodge

Further Supply Disruptions to Boost Near-Term Iron Ore but Declining Steel Demand in China Looms

BHP will need a much stronger second half to deliver on production and cost guidance and our full-year profit expectations. First-half fiscal 2019 adjusted net profit after tax of USD 4.0 billion was in line with the first half of fiscal 2018. Adjusted earnings were also flat versus a year ago at USD 0.76 per share. BHP’s shares have risen with the Vale disaster and the iron ore price. Higher commodity prices and increased investor risk appetite in 2019 following the correction in late 2018 have...

BHP: BHP's interim results are in line with expectations

BHP's first half fiscal 2019 results are in line with expectations.

Moody's: Australian corporates to benefit from modest earnings growth in 2019

Moody's Investors Service says that Australian corporates will see modest earnings growth in 2019, supported by expected GDP growth of around 2.8% and the continuation of accommodative monetary policy settings. "IMPORTANT NOTICE: MOODY'S RATINGS AND PUBLICATIONS ARE NOT INTENDED FOR...

BHP : Update following upgrade to A2

Our credit view of BHP reflects its robust financial profile, strong cost position and disciplined financial policy which supports its resilience against volatility in commodity prices.

BHP : Update following upgrade to A2

Our credit view of BHP reflects its robust financial profile, strong cost position and disciplined financial policy which supports its resilience against volatility in commodity prices.

BHP Billiton Limited - June 2018 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

Mathew Hodge

Morningstar | Raising our Near-Term Iron Ore Price Forecast with Additional Supply Disruptions

Near-term tightness in the iron ore market has persisted and intensified with several developments in Brazil further restricting Vale’s supply and Cyclone Veronica interrupting Pilbara shipments. We’ve factored in a further 20 million tonne reduction in Vale’s output in 2019 and 10 million tonnes in 2020. We now expect Vale to produce 350 million tonnes in 2019 and 370 million tonnes in 2020, down from an estimated 390 million tonnes in 2018. From Rio Tinto, BHP and Fortescue, we’ve lowered our forecasts by 10 million tonnes in total for 2019 due to the cyclone. The estimated 30 million tonnes...

Mathew Hodge

Raising our Near-Term Iron Ore Price Forecast with Additional Supply Disruptions

Near-term tightness in the iron ore market has persisted and intensified with several developments in Brazil further restricting Vale’s supply and Cyclone Veronica interrupting Pilbara shipments. We’ve factored in a further 20 million tonne reduction in Vale’s output in 2019 and 10 million tonnes in 2020. We now expect Vale to produce 350 million tonnes in 2019 and 370 million tonnes in 2020, down from an estimated 390 million tonnes in 2018. From Rio Tinto, BHP and Fortescue, we’ve lowered our ...

Mathew Hodge

Raising our Near-Term Iron Ore Price Forecast with Additional Supply Disruptions

Near-term tightness in the iron ore market has persisted and intensified with several developments in Brazil further restricting Vale’s supply and Cyclone Veronica interrupting Pilbara shipments. We’ve factored in a further 20 million tonne reduction in Vale’s output in 2019 and 10 million tonnes in 2020. We now expect Vale to produce 350 million tonnes in 2019 and 370 million tonnes in 2020, down from an estimated 390 million tonnes in 2018. From Rio Tinto, BHP and Fortescue, we’ve lowered our ...

Mathew Hodge

Morningstar | Further Supply Disruptions to Boost Near-Term Iron Ore but Declining Steel Demand in China Looms

BHP has several of the world's largest mines. Key mined commodities are iron ore, coking coal, and copper. In addition, the company has meaningful oil exposure with conventional petroleum, and liquefied natural gas, or LNG, assets. Onshore U.S. shale assets were sold in 2018. The iron ore mines in particular are at the low end of the industry cash cost curve; however, overinvestment during the peaks of the China boom, when capital costs were very high relative to historical standards, has diluted expected future returns. After adding back the not-inconsiderable write-downs, BHP’s invested capi...

Mathew Hodge

Further Supply Disruptions to Boost Near-Term Iron Ore but Declining Steel Demand in China Looms

BHP will need a much stronger second half to deliver on production and cost guidance and our full-year profit expectations. First-half fiscal 2019 adjusted net profit after tax of USD 4.0 billion was in line with the first half of fiscal 2018. Adjusted earnings were also flat versus a year ago at USD 0.76 per share. BHP’s shares have risen with the Vale disaster and the iron ore price. Higher commodity prices and increased investor risk appetite in 2019 following the correction in late 2018 have...

1 director sold

A director at BHP Billiton Limited sold 56,428 shares at 32.190AUD and the significance rating of the trade was 73/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of...

BHP GROUP LTD. sees an upgrade to Slightly Positive due to a better fundamental star rating

The general evaluation of BHP GROUP LTD. (AU), a company active in the General Mining industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 4 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date February 15, 2019, the closing price was AUD 36.47 and its potential was estimated at AUD 38.29.

Philip Morrish

Value Indicator - UK Main Market 28012019

Currently '(TM)Value Indicator - UK main market' is a value analysis of the Basic Resources, Construction & Materials, Telecoms and Utilities sectors of quoted companies on the London Stock Exchange's main market that provides the reader with indicative longer-term target prices.

Philip Morrish

Value Indicator - UK Basic Resources 28012019

Currently '(TM)Value Indicator - UK Basic Resources' is a value analysis of the Basic Resources super sector of quoted companies on the London Stock Exchange's main market that provides the reader with indicative longer-term target prices

Philip Morrish

Value Indicator - UK Main Market 03122018

Currently '(TM)Value Indicator - Main market' is a value analysis of the Basic Resources, Construction & Materials, Telecoms and Utilities sectors of quoted companies on the London Stock Exchange's main market that provides the reader with indicative longer-term target prcies.

MarketLine Department

Altech Chemicals Ltd - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's Altech Chemicals Ltd Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Altech Chemicals Ltd since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advantage...

MarketLine Department

Cleveland-Cliffs Inc - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's Cleveland-Cliffs Inc Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Cleveland-Cliffs Inc since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advantage...

MarketLine Department

Norsk Hydro ASA - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's Norsk Hydro ASA Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Norsk Hydro ASA since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advantage. Key Hig...

MarketLine Department

Coal India Ltd - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's Coal India Ltd Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Coal India Ltd since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advantage. Key Highl...

MarketLine Department

MMC Norilsk Nickel - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's MMC Norilsk Nickel Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by MMC Norilsk Nickel since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advantage. K...

BHP Billiton – Proxinvest Corporate Governance Rating ® : C

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

Emerging Markets breakdown, avoid; MSCI ACWI falls below 200-day moving average; Be selective in Japan Global markets have deteriorated considerably since we published our June International Macro Vision last week. The MSCI EM index has decisively broken down below the 60,000 major support level we identified, which coincided with a breakdown in relative strength. We're cutting EM to underweight and recommend reducing exposure. Additionally, the MSCI ACWI ETF has broken below its 200-day MA, leading us to believe additional consolidation is likely. ACWI long-term breadth as measured by the pe...

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