South32 (LON:S32) Shares Climb 1.8% – Here’s What Happened

South32 Limited (LON:S32)’s share price shot up 1.8% on Wednesday. The stock traded as high as GBX 236.40 and last traded at GBX 235.60. 1,073,229 shares were traded during mid-day trading, an increase of 46% from the average session volume of 735,366 shares. The stock had previously closed at GBX 231.40.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of South32 in a report on Monday, September 14th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 310 price objective on shares of South32 in a report on Friday, August 28th. Three analysts have rated the stock with a Buy rating. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of GBX 1,755.

South32 Trading Down 1.1%

The firm’s fifty day moving average is GBX 255.74 and its 200 day moving average is GBX 237.05. The company has a market cap of £10.09 billion, a PE ratio of 9.34, a price-to-earnings-growth ratio of 7.26 and a beta of 0.75.

Insider Activity

In related news, insider Stephen Pearce bought 40,000 shares of the company’s stock in a transaction dated Friday, August 28th. The shares were acquired at an average price of GBX 5 per share, for a total transaction of £2,000. 0.38% of the stock is currently owned by company insiders.

South32 Company Profile

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.