South32 (OTCMKTS:SOUHY) Sets New 52-Week High – Here’s What Happened

Shares of South32 Ltd. (OTCMKTS:SOUHYGet Free Report) reached a new 52-week high on Friday . The stock traded as high as $17.51 and last traded at $17.34, with a volume of 2672 shares changing hands. The stock had previously closed at $17.22.

Wall Street Analyst Weigh In

Several analysts recently commented on SOUHY shares. Citigroup reaffirmed a “buy” rating on shares of South32 in a research note on Tuesday, May 26th. Zacks Research upgraded South32 from a “strong sell” rating to a “hold” rating in a research note on Monday, June 22nd. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, South32 has a consensus rating of “Buy”.

Check Out Our Latest Report on South32

South32 Trading Up 3.4%

The company has a debt-to-equity ratio of 0.14, a current ratio of 2.71 and a quick ratio of 1.99. The stock’s 50-day simple moving average is $15.22 and its 200 day simple moving average is $15.42.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in South32 stock. J.Safra Asset Management Corp bought a new position in South32 Ltd. (OTCMKTS:SOUHYFree Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 779 shares of the basic materials company’s stock, valued at approximately $266,000. 0.06% of the stock is currently owned by institutional investors.

About South32

(Get Free Report)

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.

Further Reading

Receive News & Ratings for South32 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for South32 and related companies with MarketBeat.com's FREE daily email newsletter.