South32 Ltd. (OTCMKTS:SOUHY – Get Free Report) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $15.22 and traded as high as $17.31. South32 shares last traded at $17.22, with a volume of 43,051 shares trading hands.
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on the company. Citigroup restated a “buy” rating on shares of South32 in a report on Tuesday, May 26th. Zacks Research upgraded shares of South32 from a “strong sell” rating to a “hold” rating in a research note on Monday, June 22nd. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, South32 currently has an average rating of “Buy”.
Get Our Latest Stock Analysis on South32
South32 Trading Up 2.6%
South32 Company Profile
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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