A number of other research analysts have also recently weighed in on the company. Liberum Capital upgraded South32 to a hold rating in a research report on Wednesday, July 3rd. Deutsche Bank restated a buy rating on shares of South32 in a research report on Monday, July 22nd. HSBC dropped their price target on South32 from GBX 230 ($3.01) to GBX 220 ($2.87) and set a buy rating for the company in a research report on Tuesday, May 28th. Finally, UBS Group restated a buy rating and issued a GBX 185 ($2.42) price target (down previously from GBX 190 ($2.48)) on shares of South32 in a research report on Friday, July 19th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. South32 has an average rating of Buy and an average target price of GBX 213 ($2.78).
Shares of S32 stock opened at GBX 155.16 ($2.03) on Tuesday. South32 has a fifty-two week low of GBX 151 ($1.97) and a fifty-two week high of GBX 236 ($3.08). The stock has a market cap of $7.77 billion and a P/E ratio of 5.64. The business has a fifty day simple moving average of GBX 170.03 and a 200-day simple moving average of GBX 186.96. The company has a quick ratio of 1.48, a current ratio of 2.19 and a debt-to-equity ratio of 8.20.
South32 Limited operates as a diversified metals and mining company primarily in Australia, Southern Africa, and South America. The company has a portfolio of assets producing alumina, aluminum, bauxite, energy and metallurgical coal, manganese ore and alloy, laterite ferronickel, silver, lead, and zinc.
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