South32 (LON:S32) Sets New 12-Month High – Should You Buy?

South32 Limited (LON:S32)’s stock price reached a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 265.60 and last traded at GBX 265.60, with a volume of 28261 shares traded. The stock had previously closed at GBX 260.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on S32 shares. Citigroup lifted their target price on South32 from GBX 3,000 to GBX 3,200 and gave the company a “buy” rating in a research report on Monday, June 8th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of South32 in a research report on Monday, July 20th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 300 price target on shares of South32 in a research note on Wednesday, July 1st. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 1,210.

South32 Price Performance

The business has a 50-day moving average of GBX 228.95 and a 200-day moving average of GBX 230.62. The firm has a market cap of £11.62 billion, a price-to-earnings ratio of 37.09, a P/E/G ratio of 7.26 and a beta of 0.68.

South32 Company Profile

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.