South32 (LON:S32) Sets New 12-Month High – Should You Buy?

Shares of South32 Limited (LON:S32 – Get Free Report) reached a new 52-week high on Tuesday . The company traded as high as GBX 270 and last traded at GBX 270, with a volume of 412035 shares. The stock had previously closed at GBX 264.

Wall Street Analysts Forecast Growth

S32 has been the subject of a number of research reports. Jefferies Financial Group reissued a “buy” rating and issued a GBX 300 price objective on shares of South32 in a research note on Wednesday, July 1st. Citigroup increased 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. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of South32 in a research report on Monday, July 20th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat, South32 has an average rating of “Buy” and an average target price of GBX 1,750.

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South32 Stock Performance

The firm has a market cap of £12.09 billion, a price-to-earnings ratio of 38.57, a P/E/G ratio of 7.26 and a beta of 0.68. The business has a 50 day simple moving average of GBX 231.08 and a 200-day simple moving average of GBX 232.19.

South32 Company Profile

(Get Free Report)

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.

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