South32 (LON:S32) Hits New 1-Year High Following Analyst Upgrade

South32 Limited (LON:S32) shares reached a new 52-week high during trading on Tuesday after Citigroup raised their price target on the stock from GBX 280 to GBX 300. Citigroup currently has a buy rating on the stock. South32 traded as high as GBX 250 and last traded at GBX 250, with a volume of 8478879 shares changing hands. The stock had previously closed at GBX 230.60.

South32 Stock Up 8.3%

The company has a market capitalization of £11.18 billion, a price-to-earnings ratio of 35.68, a price-to-earnings-growth ratio of 7.26 and a beta of 0.70. The business has a 50-day moving average price of GBX 227.24 and a 200-day moving average price of GBX 207.55.

About South32

South32 Limited operates as a diversified metals and mining company in Australia, India, China, Japan, the Middle East, Mozambique, the Netherlands, Brazil, Russia, South Africa, South Korea, the United States, and internationally. The company operates through Worsley Alumina, Brazil Alumina, Brazil Aluminium, Hillside Aluminium, Mozal Aluminium, Sierra Gorda, Cannington, Hermosa, Cerro Matoso, Illawarra Metallurgical Coal, Australia Manganese, and South Africa Manganese segments. It has a portfolio of assets producing bauxite, alumina, aluminum, copper, silver, lead, zinc, nickel, metallurgical coal, manganese, ferronickel, and other base metals.