South32 (LON:S32) Trading Down 1.9% – Here’s Why

Shares of South32 Limited (LON:S32) fell 1.9% during trading on Monday . The stock traded as low as GBX 171.30 ($2.13) and last traded at GBX 174.40 ($2.17). 889,164 shares traded hands during mid-day trading, an increase of 137% from the average session volume of 374,481 shares. The stock had previously closed at GBX 177.70 ($2.21).

Wall Street Analyst Weigh In

Several brokerages have recently commented on S32. Canaccord Genuity Group restated a “sell” rating and issued a GBX 120 ($1.49) price objective on shares of South32 in a report on Friday, December 13th. Canaccord Genuity Group reaffirmed a “sell” rating and set a GBX 120 ($1.49) target price on shares of South32 in a research note on Friday, December 13th. Finally, Citigroup downgraded shares of South32 to a “neutral” rating in a research note on Thursday, December 12th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of GBX 200.75 ($2.50).

South32 Stock Performance

The firm’s 50 day moving average is GBX 177.28 and its two-hundred day moving average is GBX 173.19. The stock has a market capitalization of £7.87 billion, a PE ratio of -1,585.45, a P/E/G ratio of 7.26 and a beta of 0.91.

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.