South32 Limited (LON:S32 – Get Free Report) passed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of GBX 237.75 and traded as high as GBX 260. South32 shares last traded at GBX 237.80, with a volume of 409,763 shares trading hands.
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of South32 in a research note on Monday, September 14th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 310 price objective on shares of South32 in a research report on Friday, August 28th. Three analysts have rated the stock with a Buy rating. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of GBX 1,755.
Get Our Latest Research Report on S32
South32 Trading Up 2.8%
The company has a market capitalization of £10.69 billion, a P/E ratio of 9.92, a P/E/G ratio of 7.26 and a beta of 0.77. The company has a 50 day moving average price of GBX 249.37 and a 200 day moving average price of GBX 237.86.
Insider Activity
In related news, insider Stephen Pearce bought 40,000 shares of South32 stock in a transaction that occurred on Friday, August 28th. The stock was acquired at an average price of GBX 5 per share, with a total value of £2,000. Corporate insiders own 0.38% of the company’s stock.
About South32
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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