Royal Bank Of Canada Reiterates Outperform Rating for South32 (LON:S32)

South32 (LON:S32)‘s stock had its “outperform” rating reiterated by analysts at Royal Bank Of Canada in a report issued on Monday,Digital Look reports.

S32 has been the subject of a number of other research reports. Jefferies Financial Group reissued a “buy” rating and issued a GBX 300 price objective on shares of South32 in a research note on Wednesday, July 1st. Citigroup upped their target price on South32 from GBX 3,000 to GBX 3,200 and gave the stock a “buy” rating in a research report on Monday, June 8th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, South32 presently has an average rating of “Moderate Buy” and an average price target of GBX 1,210.

South32 Price Performance

Shares of S32 opened at GBX 213.40 on Monday. South32 has a one year low of GBX 123.24 and a one year high of GBX 265. The company has a market cap of £9.55 billion, a PE ratio of 30.49, a P/E/G ratio of 7.26 and a beta of 0.68. The stock has a 50-day moving average of GBX 226.95 and a 200-day moving average of GBX 224.82.

About South32

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.