South32 (OTCMKTS:SOUHY) Sees Strong Trading Volume – What’s Next?

South32 Ltd. (OTCMKTS:SOUHYGet Free Report) saw unusually-strong trading volume on Wednesday . Approximately 102,679 shares changed hands during mid-day trading, an increase of 20% from the previous session’s volume of 85,699 shares.The stock last traded at $14.19 and had previously closed at $13.81.

Analysts Set New Price Targets

Several research firms have recently issued reports on SOUHY. Jefferies Financial Group raised South32 from a “hold” rating to a “strong-buy” rating in a report on Monday, October 6th. Zacks Research raised shares of South32 from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. One equities research analyst has rated the stock with a Strong Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold”.

Get Our Latest Report on SOUHY

South32 Stock Up 1.6%

The firm has a 50 day moving average price of $11.95 and a two-hundred day moving average price of $10.42. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.83 and a current ratio of 2.43.

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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