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

South32 Ltd. (OTCMKTS:SOUHYGet Free Report) shares gapped up before the market opened on Monday . The stock had previously closed at $13.66, but opened at $14.32. South32 shares last traded at $14.27, with a volume of 4,352 shares trading hands.

Analyst Upgrades and Downgrades

SOUHY has been the topic of a number of research reports. Citigroup restated a “buy” rating on shares of South32 in a research note on Tuesday, May 26th. Zacks Research raised South32 from a “strong sell” rating to a “hold” rating in a report on Monday, June 22nd. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy”.

Read Our Latest Analysis on South32

South32 Price Performance

The company has a current ratio of 2.71, a quick ratio of 1.99 and a debt-to-equity ratio of 0.14. The firm’s 50-day moving average is $15.13 and its 200-day moving average is $15.11.

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.

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