Citigroup downgraded BHP & RIO yesterday morning US time from a buy to hold...stating:
"The sector is now sitting at, or very close to, all-time highs," states the report authored by Heath Jansen and his team at Citi in London. "The miners are now trading at about a 35% premium to net present values, which has historically been the right point to trim positions."
However, later in the day Jim Cramer on CNBC issued a buy on the Oil & mineral sector...naming RIO, CVRD & BHP.
Confused???
Cheers
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Last
$40.55 |
Change
-0.350(0.86%) |
Mkt cap ! $205.7B | |||
| Open | High | Low | Value | Volume |
| $40.15 | $40.55 | $40.03 | $283.0M | 7.014M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 246 | $40.54 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $40.55 | 7291 | 1 |
View Market Depth
| Last trade - 16.10pm 13/11/2024 (20 minute delay) ? |
| BHP (ASX) Chart |