South32 (LON:S32) Hits New 12-Month High – What’s Next?

South32 Limited (LON:S32) shares hit a new 52-week high on Tuesday . The company traded as high as GBX 270 and last traded at GBX 270, with a volume of 412035 shares trading hands. The stock had previously closed at GBX 264.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Citigroup raised their price target on South32 from GBX 3,000 to GBX 3,200 and gave the stock a “buy” rating in a research note on Monday, June 8th. Royal Bank Of Canada reiterated a “neutral” rating on shares of South32 in a research report on Thursday. Finally, Jefferies Financial Group reissued a “buy” rating and issued a GBX 300 target price on shares of South32 in a report on Wednesday, July 1st. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 1,750.

South32 Stock Up 2.4%

The business’s fifty day moving average is GBX 232.63 and its 200-day moving average is GBX 232.55. The company has a market cap of £12.40 billion, a PE ratio of 39.57, a P/E/G ratio of 7.26 and a beta of 0.68.

South32 Company Profile

South32 Limited operates as a diversified metals and mining company in Australia, India, China, Japan, the Middle East, Mozambique, the Netherlands, Brazil, Russia, South Africa, South Korea, the United States, and internationally. The company operates through Worsley Alumina, Brazil Alumina, Brazil Aluminium, Hillside Aluminium, Mozal Aluminium, Sierra Gorda, Cannington, Hermosa, Cerro Matoso, Illawarra Metallurgical Coal, Australia Manganese, and South Africa Manganese segments. It has a portfolio of assets producing bauxite, alumina, aluminum, copper, silver, lead, zinc, nickel, metallurgical coal, manganese, ferronickel, and other base metals.