BHP and Rio Tinto are the two biggest mining companies in the world, and he owns both. BHP boasts product diversity in metals. It recently announced it's getting out of oil and will become a pure-play mining company. It will develop a potash mine in Saskatchewan and invest a lot, but will benefit them long term though hurt short term. It's delisting in London, so the stock has sold off, but it's now a great buying opportunity. (Analysts’ price target is $75.03)
The dividend is probably not as much of a worry as in the past. He prefers Teck Resources, or First Quantum.
It is exposed to Met Coal. There is a shortage so it seems attractive, but iron ore has a lot of supply coming on line. At some point it will be a compelling buy, but we are not there yet.
He looks at this as a mutual fund of large cap commodities. You could draw many analogies of the iron ore segment relative to the oversupply in the oil market. As it starts to normalize, you will see some upside. The ultimate upside for this company is that we are going to see highly reserved production trying to come back on line. Longer-term, if you are going to take a view and are prepared to have the cyclicality, this is something you might want to put in your portfolio and just put it away. Balance sheet is not bad. He likes it. As a 4-5 year hold, it is a Buy here.
Teck Resources (TCK.B-T) or BHP Billiton (BHP-N)? Both are a little overvalued and most analysts would rate them as a Hold. This is a global diversified mining company, where Teck is much more of a strong regional player in Canada. If you believe there is going to be a global upswing in mining and commodity prices, you would probably want Teck.
BHP Billiton is a American stock, trading under the symbol BHP-N on the New York Stock Exchange (BHP). It is usually referred to as NYSE:BHP or BHP-N
In the last year, 6 stock analysts published opinions about BHP-N. 3 analysts recommended to BUY the stock. 3 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for BHP Billiton.
BHP Billiton was recommended as a Top Pick by on . Read the latest stock experts ratings for BHP Billiton.
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6 stock analysts on Stockchase covered BHP Billiton In the last year. It is a trending stock that is worth watching.
On 2022-06-24, BHP Billiton (BHP-N) stock closed at a price of $56.32.