South32 (LON:S32) Receives Outperform Rating from Royal Bank Of Canada

South32 (LON:S32)‘s stock had its “outperform” rating reaffirmed by Royal Bank Of Canada in a research report issued on Monday,Digital Look reports.

A number of other research firms also recently commented on S32. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 300 price target on shares of South32 in a research note on Wednesday, July 1st. Citigroup lifted their target price on South32 from GBX 3,000 to GBX 3,200 and gave the stock 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 company’s stock. Based on data from MarketBeat.com, South32 has an average rating of “Moderate Buy” and an average target price of GBX 1,210.

South32 Price Performance

Shares of S32 opened at GBX 213.40 on Monday. The company’s 50-day moving average is GBX 226.95 and its 200-day moving average is GBX 224.82. The firm has a market capitalization of £9.55 billion, a PE ratio of 30.49, a PEG ratio of 7.26 and a beta of 0.68. South32 has a fifty-two week low of GBX 123.24 and a fifty-two week high of GBX 265.

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.