South32 (OTCMKTS:SOUHY) Hits New 12-Month High – What’s Next?

South32 Ltd. (OTCMKTS:SOUHY) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $17.06 and last traded at $17.00, with a volume of 11707 shares changing hands. The stock had previously closed at $16.58.

Analysts Set New Price Targets

Several equities research analysts have weighed in on SOUHY shares. Citigroup reaffirmed a “buy” rating on shares of South32 in a research report on Tuesday. Zacks Research cut South32 from a “hold” rating to a “strong sell” rating in a report on Monday, April 6th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

South32 Stock Performance

The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.99 and a current ratio of 2.71. The business’s 50 day moving average price is $15.33 and its 200 day moving average price is $14.03.

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.