South32 (OTCMKTS:SOUHY) Hits New 1-Year High – What’s Next?

South32 Ltd. (OTCMKTS:SOUHYGet Free Report)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $12.24 and last traded at $11.8995, with a volume of 23425 shares trading hands. The stock had previously closed at $11.77.

Analysts Set New Price Targets

Several research analysts have recently issued reports on SOUHY shares. Jefferies Financial Group raised South32 from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 6th. Zacks Research raised shares of South32 from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. One research analyst has rated the stock with a Strong Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, South32 currently has an average rating of “Hold”.

Check Out Our Latest Research Report on SOUHY

South32 Trading Up 0.9%

The stock has a 50 day moving average of $10.74 and a 200 day moving average of $9.89. The company has a quick ratio of 1.83, a current ratio of 2.43 and a debt-to-equity ratio of 0.15.

About South32

(Get Free Report)

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.

Further Reading

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