South32 (LON:S32) Given Outperform Rating at Royal Bank Of Canada

Royal Bank Of Canada reiterated their outperform rating on shares of South32 (LON:S32) in a research report released on Monday morning,Digital Look reports.

S32 has been the subject of several other reports. Citigroup boosted their price target on South32 from GBX 3,000 to GBX 3,200 and gave the company a “buy” rating in a report on Monday, June 8th. Jefferies Financial Group restated a “buy” rating and issued a GBX 300 price objective on shares of South32 in a research report on Wednesday, July 1st. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 1,210.

South32 Stock Up 4.9%

Shares of S32 opened at GBX 214 on Monday. South32 has a 52 week low of GBX 123.24 and a 52 week high of GBX 265. The company has a market capitalization of £9.58 billion, a price-to-earnings ratio of 30.57, a PEG ratio of 7.26 and a beta of 0.68. The stock’s 50-day moving average price is GBX 226.66 and its 200-day moving average price is GBX 225.09.

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.