South32 (LON:S32) Shares Up 0.1% – Time to Buy?

South32 Limited (LON:S32)’s share price shot up 0.1% during mid-day trading on Wednesday . The stock traded as high as GBX 172.80 ($2.22) and last traded at GBX 170.50 ($2.20). 1,256,244 shares were traded during trading, an increase of 304% from the average session volume of 311,203 shares. The stock had previously closed at GBX 170.40 ($2.19).

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on S32 shares. Citigroup downgraded shares of South32 to a “neutral” rating in a research report on Thursday, December 12th. Canaccord Genuity Group restated a “sell” rating and issued a GBX 120 ($1.54) target price on shares of South32 in a report on Friday, December 13th. Finally, Canaccord Genuity Group increased their price target on South32 from GBX 120 ($1.54) to GBX 125 ($1.61) and gave the stock a “sell” rating in a report on Tuesday, February 11th.

South32 Trading Up 0.1 %

The firm’s 50-day moving average price is GBX 176.16 and its 200 day moving average price is GBX 177.73. The company has a market cap of £9.59 billion, a price-to-earnings ratio of 119.80, a P/E/G ratio of 7.26 and a beta of 0.91.

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.