South32 Limited (LON:S32 – Get Free Report)’s share price was up 8% during mid-day trading on Wednesday after Citigroup raised their price target on the stock from GBX 280 to GBX 300. Citigroup currently has a buy rating on the stock. South32 traded as high as GBX 250 and last traded at GBX 249. Approximately 812,855 shares traded hands during mid-day trading, a decline of 9% from the average daily volume of 890,292 shares. The stock had previously closed at GBX 230.60.
South32 Trading Up 8.0%
The stock has a market capitalization of £11.15 billion, a PE ratio of 35.57, a PEG ratio of 7.26 and a beta of 0.70. The firm’s 50-day simple moving average is GBX 227.64 and its two-hundred day simple moving average is GBX 208.25.
About South32
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.
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