This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

7 Mining Stocks to Watch

4. BHP Billiton (BHP), a diversified natural resources company, operates in nine customer sector groups: petroleum, aluminium, base metals (including uranium), diamonds and specialty products, stainless steel materials, iron ore, manganese, metallurgical coal and energy coal.

For fiscal year ended Jun. 30, 2011, the company recorded revenue of $71.7 billion, an increase of 35.9% from the previous year. Profit attributable to the group escalated 85.9% to $23.6 billion for the same period. Net operating cash flow surged 78.1% to $30.1 billion for the year. During fiscal 2011, BHP approved 11 major projects for a total investment commitment of $12.9 billion.

The company has completed its acquisition of Petrohawk Energy for $12.1 billion through a short-form merger of its wholly owned subsidiary with and into Petrohawk, under the Delaware law. The deal was closed with Petrohawk being the surviving entity. The company believes that with this transaction, BHP Billiton Petroleum is on track to deliver compound annual growth of 10% in production volumes for the remainder of the decade.

BHP's balance sheet has capacity for opportunistic mergers and acquisitions and may target copper, energy and potash, chief executive Marius Kloppers said, adding that the company may expand in shale gas outside the U.S. following the Petrohawk deal. The company will pay dividend of 55 cents per share on Sep. 29, 2011, vs. 45 cents in the year-ago period.

Of the three analysts covering the stock, 67% recommend a buy and the rest rate a hold. There are no sell ratings on the stock. Data from Bloomberg has analysts forecasting the stock gaining 26.3% to $104.40 in the upcoming 12 months.
5 of 8

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AEM $27.51 -2.30%
BHP $37.32 4.60%
CDE $3.00 -3.80%
HBM $5.33 -0.37%
NEM $18.64 -1.60%


Chart of I:DJI
DOW 17,050.75 +138.46 0.82%
S&P 500 1,995.83 +15.91 0.80%
NASDAQ 4,810.7880 +19.6360 0.41%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs