South32 (OTCMKTS:SOUHY) Sets New 12-Month High – Still a Buy?

South32 Ltd. (OTCMKTS:SOUHY)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $17.06 and last traded at $17.00, with a volume of 11707 shares changing hands. The stock had previously closed at $16.58.

Analysts Set New Price Targets

A number of research firms recently issued reports on SOUHY. Zacks Research lowered South32 from a “hold” rating to a “strong sell” rating in a research report on Monday, April 6th. Citigroup restated a “buy” rating on shares of South32 in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

South32 Trading Down 0.7%

The company has a quick ratio of 1.99, a current ratio of 2.71 and a debt-to-equity ratio of 0.14. The firm’s 50-day moving average price is $15.42 and its two-hundred day moving average price is $14.13.

About South32

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.