South32 (OTCMKTS:SOUHY) Hits New 12-Month High – Should You Buy?

South32 Ltd. (OTCMKTS:SOUHYGet Free Report)’s share price reached a new 52-week high on Thursday . The stock traded as high as $19.07 and last traded at $18.99, with a volume of 3520 shares trading hands. The stock had previously closed at $18.40.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Citigroup reiterated a “buy” rating on shares of South32 in a report on Tuesday, May 26th. Zacks Research upgraded South32 from a “strong sell” rating to a “hold” rating in a report on Monday, June 22nd. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, South32 has a consensus rating of “Buy”.

Read Our Latest Stock Analysis on South32

South32 Stock Up 0.9%

The company has a quick ratio of 1.99, a current ratio of 2.71 and a debt-to-equity ratio of 0.14. The stock’s 50 day moving average is $15.98 and its two-hundred day moving average is $15.73.

South32 Company Profile

(Get Free Report)

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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