South32 (LON:S32) Trading Down 0.4% – Here’s What Happened

South32 Limited (LON:S32)’s stock price was down 0.4% during trading on Tuesday . The stock traded as low as GBX 203.80 and last traded at GBX 203.80. 206,634 shares were traded during mid-day trading, a decline of 77% from the average daily volume of 903,468 shares. The stock had previously closed at GBX 204.60.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Jefferies Financial Group reiterated a “buy” rating and set a GBX 300 price target on shares of South32 in a research report on Tuesday, June 9th. Citigroup boosted their price objective on shares of South32 from GBX 3,000 to GBX 3,200 and gave the company a “buy” rating in a research report on Monday, June 8th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,210.

South32 Stock Performance

The firm has a market cap of £9.12 billion, a P/E ratio of 29.11, a price-to-earnings-growth ratio of 7.26 and a beta of 0.67. The stock’s 50 day simple moving average is GBX 230.74 and its 200 day simple moving average is GBX 221.29.

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. It has a portfolio of assets producing bauxite, alumina, aluminum, copper, silver, lead, zinc, nickel, metallurgical coal, manganese, ferronickel, and other base metals.