South32 Ltd. (OTCMKTS:SOUHY – Get Free Report)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $13.52, but opened at $15.14. South32 shares last traded at $15.35, with a volume of 10,982 shares trading hands.
Analyst Upgrades and Downgrades
Several analysts have recently weighed in on the company. Zacks Research upgraded South32 from a “strong sell” rating to a “hold” rating in a report on Monday, June 22nd. Citigroup reiterated a “buy” rating on shares of South32 in a report on Tuesday, May 26th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.
Check Out Our Latest Stock Analysis on SOUHY
South32 Trading Up 11.0%
About South32
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.
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