From the other direction, when companies have a low rank among analysts, it isn't necessarily the case that investors should conclude that the stock will perform poorly. It can, of course, but a bullish investor could also take the contrarian angle and read into the data that there is lots of room for upside because the stock is so out of favor.
BHP operates in the Metals & Mining sector, among companies like Rio Tinto plc (RIO) which is up about 1.8% today, and Freeport-McMoran Copper & Gold (FCX) trading up by about 3.2%. Below is a three month price history chart comparing the stock performance of BHP, versus RIO and FCX.
BHP is currently trading up about 2.4% midday Wednesday.
Analyst Favorites of the Metals Channel Global Mining Titans Index »
Also see:
Auto Dealerships Dividend Stocks Funds Holding USD
REITs Hedge Funds Are Buying
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
