South32 (LON:S32) Stock Jumps 0.4% – What’s Next?

South32 Limited (LON:S32) shares rose 0.4% during trading on Tuesday. The stock traded as high as GBX 265.20 and last traded at GBX 262. Approximately 525,838 shares were traded during trading, a decline of 31% from the average session volume of 760,774 shares. The stock had previously closed at GBX 261.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on S32 shares. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of South32 in a report on Monday, September 14th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 310 target price on shares of South32 in a report on Friday, August 28th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, South32 currently has a consensus rating of “Buy” and an average target price of GBX 1,755.

South32 Trading Up 0.2%

The company has a market capitalization of £11.69 billion, a PE ratio of 10.83, a PEG ratio of 7.26 and a beta of 0.70. The business’s 50-day simple moving average is GBX 261.26 and its two-hundred day simple moving average is GBX 239.60.

Insider Activity

In other news, insider Stephen Pearce purchased 40,000 shares of South32 stock in a transaction that occurred on Friday, August 28th. The stock was acquired at an average price of GBX 5 per share, for a total transaction of £2,000. 0.38% of the stock is owned by corporate insiders.

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.