Goldman Sachs Removes BHP Billiton Limited from “Conviction Buy List” (BHP)

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On Monday analysts at Goldman Sachs removed BHP Billiton Limited ( BHP ) from its "Conviction Buy List."

The natural resources company outperformed in 2012. According to analysts this is because as risk comes off in the mining industry, higher risk companies will tend to outperform.

BHP still maintains "Buy" rating from Goldman Sachs.

BHP's share price was down 20 cents, or -.29%, during Monday's morning trading.

The Bottom Line
Shares of BHP Billiton ( BHP ) have a 2.96% dividend yield, based on Friday's closing stock price of $68.34. the stock has technical support in the $63 price area. If the shares can firm up, we see overhead resistance around the $70-$72 price levels.

BHP Billiton Limited ( BHP ) is not recommended at this time, holding a DARS™ Rating of 3.1 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Investing , Stocks

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