South32 Ltd. (OTCMKTS:SOUHY – Get Free Report)’s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as $18.31 and last traded at $18.31, with a volume of 8907 shares changing hands. The stock had previously closed at $17.80.
Wall Street Analyst Weigh In
SOUHY has been the topic of several research analyst reports. Citigroup reissued a “buy” rating on shares of South32 in a research report 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 investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.
Read Our Latest Report on South32
South32 Stock Up 1.7%
Institutional Investors Weigh In On South32
Several hedge funds have recently added to or reduced their stakes in the business. Madison Asset Management LLC acquired a new stake in South32 during the second quarter worth about $1,618,000. J.Safra Asset Management Corp purchased a new stake in South32 in the 2nd quarter worth approximately $266,000. Public Employees Retirement System of Ohio acquired a new stake in shares of South32 during the 2nd quarter worth approximately $81,000. Finally, Ancora Advisors LLC acquired a new stake in shares of South32 during the 2nd quarter worth approximately $252,000. 0.06% of the stock is 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.
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