South32 Ltd. (OTCMKTS:SOUHY – Get Free Report) shares hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $17.51 and last traded at $17.34, with a volume of 2672 shares trading hands. The stock had previously closed at $17.22.
Analyst Ratings Changes
A number of equities analysts have commented on the company. Citigroup reissued a “buy” rating on shares of South32 in a research note on Tuesday, May 26th. Zacks Research upgraded South32 from a “strong sell” rating to a “hold” rating in a research note on Monday, June 22nd. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy”.
Read Our Latest Research Report on South32
South32 Price Performance
Institutional Trading of South32
An institutional investor recently bought a new stake in South32 stock. J.Safra Asset Management Corp bought a new position in shares of South32 Ltd. (OTCMKTS:SOUHY – Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 779 shares of the basic materials company’s stock, valued at approximately $266,000. 0.06% of the stock is owned by institutional investors and hedge funds.
About South32
South32 is a diversified metals and mining company headquartered in Perth, Australia. Established in May 2015 through a demerger from BHP Billiton, the company focuses on the extraction, processing and marketing of commodities that underpin global industrial and consumer demand. South32’s portfolio includes alumina, aluminum, bauxite, metallurgical coal, manganese, nickel, silver, lead and zinc, making it a key participant across several commodity markets.
The company’s operations are organized by commodity and geography.
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