South32 (OTCMKTS:SOUHY) Shares Gap Down – Here’s What Happened

Shares of South32 Ltd. (OTCMKTS:SOUHYGet Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $14.69, but opened at $13.52. South32 shares last traded at $13.56, with a volume of 7,127 shares traded.

Analysts Set New Price Targets

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

Read Our Latest Research Report on SOUHY

South32 Stock Performance

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 business has a 50-day moving average of $15.33 and a 200-day moving average of $15.00.

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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