Shares of South32 Ltd. (OTCMKTS:SOUHY – Get Free Report) gapped up before the market opened on Wednesday . The stock had previously closed at $13.52, but opened at $15.14. South32 shares last traded at $15.35, with a volume of 10,982 shares trading hands.
Analysts Set New Price Targets
A number of research firms recently weighed in on SOUHY. Zacks Research upgraded shares of South32 from a “strong sell” rating to a “hold” rating in a research note on Monday, June 22nd. Citigroup reaffirmed a “buy” rating on shares of South32 in a report on Tuesday, May 26th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, South32 has an average rating of “Moderate Buy”.
View Our Latest Report on SOUHY
South32 Trading Down 3.5%
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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