SOUTH32 LTD/S (OTCMKTS:SOUHY) Reaches New 52-Week Low at $8.75
SOUTH32 LTD/S (OTCMKTS:SOUHY)’s stock price hit a new 52-week low during trading on Thursday . The stock traded as low as $8.75 and last traded at $8.78, with a volume of 6107 shares traded. The stock had previously closed at $9.50.
Several equities research analysts have commented on the company. Zacks Investment Research upgraded SOUTH32 LTD/S from a “sell” rating to a “hold” rating in a research note on Wednesday, August 14th. ValuEngine cut SOUTH32 LTD/S from a “hold” rating to a “sell” rating in a research report on Friday, July 12th. Liberum Capital upgraded SOUTH32 LTD/S from a “sell” rating to a “hold” rating in a research report on Wednesday, July 3rd. Finally, HSBC reiterated a “hold” rating on shares of SOUTH32 LTD/S in a research report on Monday, July 15th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $15.00.
The firm’s 50-day simple moving average is $10.34 and its 200 day simple moving average is $11.91. The company has a market cap of $9.76 billion, a P/E ratio of 6.83 and a beta of 0.85.
South32 Limited operates as a diversified metals and mining company primarily in Australia, Southern Africa, and South America. The company has a portfolio of assets producing alumina, aluminum, bauxite, energy and metallurgical coal, manganese ore and alloy, laterite ferronickel, silver, lead, and zinc.
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