Shares in BHP Billiton (BHP) yesterday plummeted almost 4% on continued concerns that rising US interest rates would crimp the global economy’s demand for commodities. The fall in the mining giant came despite news that it plans to spend US$2 billion on developing its Shenzi oil and gas field in the Gulf of Mexico (GOM). Macquarie Research Equities (MRE) still remain bullish on the prospects for BHP, and cite yesterday’s announcement as another example of the exciting growth opportunities moving forward. MRE retain their outperform recommendation and 12-month price target of $33.57.
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Shares in BHP Billiton (BHP) yesterday plummeted almost 4% on...
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Last
$42.75 |
Change
0.010(0.02%) |
Mkt cap ! $216.8B | |||
| Open | High | Low | Value | Volume |
| $42.60 | $42.83 | $42.51 | $460.8M | 10.79M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1235 | $42.74 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $42.76 | 18069 | 4 |
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| Last trade - 16.10pm 20/06/2024 (20 minute delay) ? |
| BHP (ASX) Chart |