BHP Billiton plc BBL saw a big move last session, as the company’s shares fell by nearly 6% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the most recent downtrend for BBL, as the stock is down over 21% in the past one-month time frame.
Although this slump was obviously disappointing, the mining company has seen its current year earnings consensus move higher over the past few weeks. This suggests that the recent slump might be a temporary blip on the radar for BBL. So make sure to keep an eye on this stock going forward to see if yesterday’s price decline is confirmed by more weakness, or if it can rebound in the weeks ahead.
BBL currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is 0.00%.
A better-ranked stock in the Mining-miscellaneous sector is Taseko Mines Ltd. TGB, which currently carries a Zacks Rank #2 (Buy).
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