A number of other equities analysts also recently issued reports on the company. Liberum Capital raised South32 to a hold rating in a report on Wednesday, July 3rd. Deutsche Bank reaffirmed a buy rating on shares of South32 in a report on Monday, July 22nd. UBS Group reaffirmed a buy rating and issued a GBX 185 ($2.42) price target (down from GBX 190 ($2.48)) on shares of South32 in a report on Friday, July 19th. Finally, HSBC lowered their price target on South32 from GBX 230 ($3.01) to GBX 220 ($2.87) and set a buy rating for the company in a report on Tuesday, May 28th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus price target of GBX 213 ($2.78).
Shares of South32 stock opened at GBX 155.16 ($2.03) on Tuesday. South32 has a 52-week low of GBX 151 ($1.97) and a 52-week high of GBX 236 ($3.08). The stock has a market capitalization of $7.77 billion and a PE ratio of 5.64. The company has a debt-to-equity ratio of 8.20, a quick ratio of 1.48 and a current ratio of 2.19. The company has a 50-day simple moving average of GBX 170.03 and a two-hundred day simple moving average of GBX 186.96.
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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