South32 (OTCMKTS:SOUHY) Shares Gap Up – Should You Buy?

South32 Ltd. (OTCMKTS:SOUHYGet Free Report)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $13.52, but opened at $14.17. South32 shares last traded at $14.09, with a volume of 1,714 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on SOUHY. Citigroup reiterated a “buy” rating on shares of South32 in a research report on Tuesday, May 26th. Zacks Research upgraded shares of South32 from a “strong sell” rating to a “hold” rating in a report on Monday, June 22nd. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, South32 currently has an average rating of “Buy”.

Read Our Latest Research Report on South32

South32 Price Performance

The company’s 50 day simple moving average is $15.26 and its 200 day simple moving average is $15.03. The company has a quick ratio of 1.99, a current ratio of 2.71 and a debt-to-equity ratio of 0.14.

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.

Featured Stories

Receive News & Ratings for South32 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for South32 and related companies with MarketBeat.com's FREE daily email newsletter.