The iron ore keeps on coming and BHP Billiton (BHP) has revised up production guidance for FY14 on the back of gains to productivity in the Pilbara

Rudi Filapek-Vandyck

The iron ore keeps on coming and BHP Billiton (BHP) has revised up production guidance for FY14 on the back of gains to productivity in the Pilbara. There's also record petroleum output for the company in the September quarter as the onshore operations in the US ramp up. Guidance was maintained for both oil and coal while the company's fourth big commodity, copper, needs to see a production rebound to achieve full year expectations. FNArena database there's five Buy and three Hold ratings. The consensus price target is $41.31 and that's suggesting 9.8% upside to the last share price. The target has moved from $40.70 ahead of the production report to the current level. The consensus dividend yield is 6.8% and 6.3% for FY14 and FY15 respectively.


About this contributor

Rudi Filapek-Vandyck

Rudi Filapek-Vandyck

, FNArena

FNArena is a supplier of financial, business and economic news, analysis and data services.

Expertise

iron ore equities copper

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