South32 Ltd (LON:S32) shares reached a new 52-week low during mid-day trading on Friday . The stock traded as low as GBX 163.44 ($2.14) and last traded at GBX 163.68 ($2.14), with a volume of 1011099 shares changing hands. The stock had previously closed at GBX 171.94 ($2.25).
Several equities analysts have recently issued reports on S32 shares. Barclays cut their price objective on shares of South32 from GBX 230 ($3.01) to GBX 210 ($2.74) and set an “overweight” rating on the stock in a report on Thursday, July 4th. HSBC cut their price objective on shares of South32 from GBX 230 ($3.01) to GBX 220 ($2.87) and set a “buy” rating on the stock in a report on Tuesday, May 28th. Deutsche Bank restated a “buy” rating on shares of South32 in a report on Monday, July 22nd. Liberum Capital upgraded shares of South32 to a “hold” rating in a report on Wednesday, July 3rd. Finally, UBS Group restated a “buy” rating and set a GBX 185 ($2.42) price objective (down previously from GBX 190 ($2.48)) on shares of South32 in a report on Friday, July 19th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of GBX 213 ($2.78).
The stock has a fifty day moving average of GBX 174.40. The company has a current ratio of 2.19, a quick ratio of 1.48 and a debt-to-equity ratio of 8.20. The firm has a market cap of $8.22 billion and a P/E ratio of 5.98.
South32 Limited operates as a diversified metals and mining company primarily in Australia, Southern Africa, and South America. The company has a portfolio of assets producing alumina, aluminum, bauxite, energy and metallurgical coal, manganese ore and alloy, laterite ferronickel, silver, lead, and zinc.
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