South32 (OTCMKTS:SOUHY) Hits New 12-Month High – Should You Buy?

South32 Ltd. (OTCMKTS:SOUHYGet Free Report)’s stock price hit a new 52-week high during trading on Thursday . The company traded as high as $19.07 and last traded at $18.99, with a volume of 3520 shares. The stock had previously closed at $18.40.

Analyst Ratings Changes

SOUHY has been the subject of a number of analyst reports. Citigroup restated a “buy” rating on shares of South32 in a report on Tuesday, May 26th. Zacks Research upgraded South32 from a “strong sell” rating to a “hold” rating in a report on Monday, June 22nd. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy”.

Read Our Latest Stock Analysis on SOUHY

South32 Stock Up 0.9%

The company’s 50-day simple moving average is $15.98 and its 200 day simple moving average is $15.73. The company has a current ratio of 2.71, a quick ratio of 1.99 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.

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