South32’s (S32) “Outperform” Rating Reaffirmed at Royal Bank Of Canada

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

Several other brokerages also recently commented on S32. Jefferies Financial Group reiterated a “buy” rating and set a GBX 310 price target on shares of South32 in a report on Friday, August 28th. Citigroup raised their target price on shares of South32 from GBX 3,000 to GBX 3,200 and gave the company a “buy” rating in a research note on Monday, June 8th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, South32 currently has an average rating of “Buy” and an average target price of GBX 1,755.

South32 Stock Performance

Shares of LON S32 opened at GBX 255.40 on Monday. The business’s 50-day simple moving average is GBX 247.40 and its 200-day simple moving average is GBX 236.22. South32 has a 52 week low of GBX 123.60 and a 52 week high of GBX 282. The firm has a market cap of £11.45 billion, a price-to-earnings ratio of 10.60, a P/E/G ratio of 7.26 and a beta of 0.70.

Insider Buying and Selling at South32

In related news, insider Stephen Pearce bought 40,000 shares of South32 stock in a transaction that occurred on Friday, August 28th. The stock was acquired at an average price of GBX 5 per share, for a total transaction of £2,000. Insiders own 0.38% of the company’s stock.

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.