South32 Ltd. (OTCMKTS:SOUHY – Get Free Report)’s stock price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $15.26 and traded as high as $16.8480. South32 shares last traded at $16.75, with a volume of 78,669 shares traded.
Wall Street Analysts Forecast Growth
A number of research firms have recently commented on SOUHY. Zacks Research upgraded South32 from a “strong sell” rating to a “hold” rating in a research note on Monday, June 22nd. Citigroup reaffirmed a “buy” rating on shares of South32 in a research note on Tuesday, May 26th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy”.
View Our Latest Stock Report on SOUHY
South32 Stock Performance
Institutional Trading of South32
A number of institutional investors and hedge funds have recently bought and sold shares of the company. J.Safra Asset Management Corp purchased a new position in South32 in the second quarter worth about $266,000. Madison Asset Management LLC purchased a new stake in shares of South32 during the second quarter valued at approximately $1,618,000. Finally, Ancora Advisors LLC purchased a new stake in shares of South32 during the second quarter valued at approximately $252,000. 0.06% of the stock is currently owned by institutional investors.
About South32
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.
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