South32’s (S32) “Outperform” Rating Reiterated at Royal Bank Of Canada

Royal Bank Of Canada restated their outperform rating on shares of South32 (LON:S32) in a report published on Monday morning,Digital Look reports.

S32 has been the subject of a number of other research reports. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 300 price target on shares of South32 in a research note on Wednesday, July 1st. Citigroup upped their target price on shares of South32 from GBX 3,000 to GBX 3,200 and gave the company a “buy” rating in a report on Monday, June 8th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of GBX 1,210.

South32 Trading Up 4.4%

LON S32 opened at GBX 238.40 on Monday. The company has a market cap of £10.67 billion, a PE ratio of 34.06, a PEG ratio of 7.26 and a beta of 0.68. South32 has a 12 month low of GBX 123.24 and a 12 month high of GBX 265. The stock has a 50 day moving average of GBX 226.48 and a 200-day moving average of GBX 225.88.

About South32

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.