Stephen Pearce Acquires 40,000 Shares of South32 (LON:S32) Stock

South32 Limited (LON:S32) insider Stephen Pearce acquired 40,000 shares of the firm’s stock in a transaction on Friday, August 28th. The stock was purchased at an average cost of GBX 5 per share, with a total value of £2,000.

South32 Stock Performance

S32 opened at GBX 278.80 on Friday. The stock’s 50 day moving average price is GBX 233.63 and its 200-day moving average price is GBX 232.86. South32 Limited has a one year low of GBX 123.24 and a one year high of GBX 280.60. The stock has a market cap of £12.48 billion, a price-to-earnings ratio of 39.83, a P/E/G ratio of 7.26 and a beta of 0.68.

Wall Street Analysts Forecast Growth

S32 has been the topic of several research analyst reports. Royal Bank Of Canada reaffirmed a “neutral” rating on shares of South32 in a research report on Thursday. Jefferies Financial Group reissued a “buy” rating and set a GBX 310 target price on shares of South32 in a research note on Friday. Finally, Citigroup upped their price target on shares of South32 from GBX 3,000 to GBX 3,200 and gave the stock a “buy” rating in a report on Monday, June 8th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of GBX 1,755.

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.