Other equities research analysts also recently issued reports about the stock. Barclays reissued an overweight rating on shares of South32 in a report on Thursday, January 18th. Citigroup downgraded shares of South32 to a neutral rating and upped their price target for the company from GBX 210 ($2.95) to GBX 220 ($3.09) in a report on Thursday, January 18th. Deutsche Bank upped their price objective on shares of South32 from GBX 170 ($2.39) to GBX 180 ($2.53) and gave the company a sell rating in a research note on Monday, January 15th. Liberum Capital reaffirmed a sell rating and set a GBX 150 ($2.11) price objective on shares of South32 in a research note on Friday, November 10th. Finally, Credit Suisse Group reaffirmed an outperform rating and set a GBX 180 ($2.53) price objective on shares of South32 in a research note on Wednesday, November 15th. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. The company currently has an average rating of Hold and an average target price of GBX 194.20 ($2.73).
Shares of South32 (S32) traded up GBX 0.80 ($0.01) during midday trading on Friday, reaching GBX 213 ($2.99). 965,670 shares of the company’s stock were exchanged, compared to its average volume of 2,070,000. South32 has a 52 week low of GBX 143.25 ($2.01) and a 52 week high of GBX 236 ($3.31).
South32 Limited is a metals and mining company. The Company’s segments include Worsley Alumina, which includes an integrated bauxite mine and alumina refinery in Western Australia; South Africa Aluminium, which includes an aluminum smelter in Richards Bay; Brazil Alumina, which includes an alumina refinery in Brazil; Mozal Aluminium, including an aluminum smelter in Mozambique; South Africa Energy Coal, including open-cut and underground energy coal mines and processing operations in South Africa; Illawarra Metallurgical Coal, which includes underground metallurgical coal mines in New South Wales; Australia Manganese, which produces manganese ore in the Northern Territory and manganese alloys in Tasmania; South Africa Manganese, which produces manganese ore and alloy in South Africa; Cerro Matoso, including an integrated laterite ferronickel mining and smelting complex in Colombia, and Cannington, including silver, lead and zinc mine in Queensland.
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