South32 (OTCMKTS:SOUHY) Sets New 12-Month High – Time to Buy?

South32 Ltd. (OTCMKTS:SOUHY) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $14.00 and last traded at $13.87, with a volume of 36896 shares traded. The stock had previously closed at $13.88.

Wall Street Analyst Weigh In

Several research firms have weighed in on SOUHY. Zacks Research upgraded shares of South32 from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 4th. Jefferies Financial Group raised shares of South32 from a “hold” rating to a “strong-buy” rating in a report on Monday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold”.

South32 Stock Down 0.2%

The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.83 and a current ratio of 2.43. The business’s 50 day simple moving average is $11.63 and its 200-day simple moving average is $10.29.

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.