South32 (OTCMKTS:SOUHY) Sets New 1-Year High – Time to Buy?

South32 Ltd. (OTCMKTS:SOUHY) shares reached a new 52-week high on Tuesday . The stock traded as high as $18.31 and last traded at $18.31, with a volume of 8907 shares traded. The stock had previously closed at $17.80.

Wall Street Analyst Weigh In

SOUHY has been the topic of a number of recent research reports. Citigroup reissued a “buy” rating on shares of South32 in a research note on Tuesday, May 26th. Zacks Research raised shares of South32 from a “strong sell” rating to a “hold” rating in a report on Monday, June 22nd. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, South32 currently has a consensus rating of “Buy”.

South32 Price Performance

The company has a debt-to-equity ratio of 0.14, a current ratio of 2.71 and a quick ratio of 1.99. The company’s fifty day moving average is $15.58 and its two-hundred day moving average is $15.64.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of SOUHY. Madison Asset Management LLC purchased a new position in shares of South32 in the 2nd quarter valued at about $1,618,000. Public Employees Retirement System of Ohio purchased a new position in shares of South32 in the 2nd quarter valued at $1,477,000. J.Safra Asset Management Corp acquired a new stake in shares of South32 during the second quarter worth about $266,000. Finally, Ancora Advisors LLC purchased a new position in South32 during the 2nd quarter worth approximately $252,000. 0.06% of the stock is currently owned by hedge funds and other institutional investors.

South32 Company Profile

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.