South32 (LON:S32) Hits New 1-Year Low – Should You Sell?

South32 Limited (LON:S32)’s stock price reached a new 52-week low on Thursday . The stock traded as low as GBX 117 ($1.50) and last traded at GBX 120.40 ($1.54), with a volume of 226356 shares. The stock had previously closed at GBX 123.80 ($1.58).

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on S32. Citigroup cut South32 to a “neutral” rating in a report on Thursday, December 12th. Canaccord Genuity Group lifted their price target on South32 from GBX 120 ($1.53) to GBX 125 ($1.60) and gave the stock a “sell” rating in a report on Tuesday, February 11th. Finally, Canaccord Genuity Group reissued a “sell” rating and set a GBX 120 ($1.53) price target on shares of South32 in a report on Friday, December 13th.

South32 Trading Up 8.5 %

The stock has a 50 day simple moving average of GBX 167.59 and a 200 day simple moving average of GBX 176.05. The stock has a market cap of £7.35 billion, a P/E ratio of 91.76, a price-to-earnings-growth ratio of 7.26 and a beta of 0.91.

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.