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

South32 Ltd. (OTCMKTS:SOUHY)’s stock price hit a new 52-week high on Monday . The stock traded as high as $13.47 and last traded at $13.39, with a volume of 33098 shares trading hands. The stock had previously closed at $13.01.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on SOUHY shares. Jefferies Financial Group raised shares of South32 from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 6th. Zacks Research raised South32 from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. One equities research analyst has rated the stock with a Strong Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, South32 has a consensus rating of “Hold”.

South32 Stock Performance

The company has a current ratio of 2.43, a quick ratio of 1.83 and a debt-to-equity ratio of 0.15. The business’s fifty day simple moving average is $11.21 and its two-hundred day simple moving average is $10.13.

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.