South32 (OTCMKTS:SOUHY) Hits New 1-Year High – What’s Next?

South32 Ltd. (OTCMKTS:SOUHYGet Free Report) hit a new 52-week high on Wednesday . The company traded as high as $12.24 and last traded at $11.8995, with a volume of 23425 shares. The stock had previously closed at $11.77.

Wall Street Analysts Forecast Growth

A number of analysts have commented on SOUHY shares. Jefferies Financial Group raised shares of South32 from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 6th. Zacks Research upgraded South32 from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 4th. One equities research analyst has rated the stock with a Strong Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, South32 currently has a consensus rating of “Hold”.

Read Our Latest Stock Analysis on South32

South32 Price Performance

The firm’s 50-day moving average is $10.74 and its 200-day moving average is $9.89. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.43 and a quick ratio of 1.83.

About South32

(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.

Further Reading

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