South32 (LON:S32) Hits New 52-Week High – Still a Buy?

South32 Limited (LON:S32)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 245.50 and last traded at GBX 245.50, with a volume of 3315770 shares. The stock had previously closed at GBX 233.50.

South32 Stock Down 4.0%

The business’s fifty day moving average price is GBX 193.81 and its 200 day moving average price is GBX 161.40. The firm has a market capitalization of £10.34 billion, a PE ratio of 49.15, a P/E/G ratio of 7.26 and a beta of 0.91.

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.