South32 Ltd. (OTCMKTS:SOUHY – Get Free Report) passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $15.22 and traded as high as $17.31. South32 shares last traded at $17.22, with a volume of 43,051 shares.
Analysts Set New Price Targets
Several research firms have recently issued reports on SOUHY. Citigroup reaffirmed a “buy” rating on shares of South32 in a report on Tuesday, May 26th. Zacks Research upgraded South32 from a “strong sell” rating to a “hold” rating in a report on Monday, June 22nd. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, South32 has an average rating of “Buy”.
Get Our Latest Research Report on South32
South32 Stock Performance
Hedge Funds Weigh In On South32
An institutional investor recently bought a new stake in South32 stock. J.Safra Asset Management Corp bought a new stake in South32 Ltd. (OTCMKTS:SOUHY – Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 779 shares of the basic materials company’s stock, valued at approximately $266,000. Institutional investors own 0.06% of the company’s stock.
South32 Company Profile
South32 is a diversified metals and mining company headquartered in Perth, Australia. Established in May 2015 through a demerger from BHP Billiton, the company focuses on the extraction, processing and marketing of commodities that underpin global industrial and consumer demand. South32’s portfolio includes alumina, aluminum, bauxite, metallurgical coal, manganese, nickel, silver, lead and zinc, making it a key participant across several commodity markets.
The company’s operations are organized by commodity and geography.
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