South32 (OTCMKTS:SOUHY) Reaches New 12-Month High – Still a Buy?

Shares of South32 Ltd. (OTCMKTS:SOUHY) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $12.24 and last traded at $12.00, with a volume of 72779 shares. The stock had previously closed at $11.95.

Analyst Upgrades and Downgrades

SOUHY has been the topic of a number of research analyst reports. Zacks Research upgraded South32 from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. Jefferies Financial Group upgraded South32 from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 6th. One investment analyst has rated the stock with a Strong Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

South32 Stock Performance

The company has a quick ratio of 1.83, a current ratio of 2.43 and a debt-to-equity ratio of 0.15. The stock’s fifty day simple moving average is $10.86 and its two-hundred day simple moving average is $9.95.

About South32

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.