Citigroup restated their buy rating on shares of South32 (ASX:S32 – Get Rating) in a research report sent to investors on Monday, Digital Look reports.
A number of other analysts also recently weighed in on the stock. Barclays restated an underweight rating on shares of South32 in a report on Thursday, February 16th. Royal Bank of Canada boosted their target price on shares of South32 from GBX 450 ($5.60) to GBX 460 ($5.72) and gave the stock an outperform rating in a report on Tuesday, January 24th.
South32 Price Performance
The company has a quick ratio of 1.69, a current ratio of 2.06 and a debt-to-equity ratio of 17.64. The company’s fifty day simple moving average is A$224.85 and its 200 day simple moving average is A$237.13.
South32 Increases Dividend
Insider Transactions at South32
In other South32 news, insider Graham Kerr 1,976,772 shares of the firm’s stock in a transaction that occurred on Thursday, March 9th. Corporate insiders own 0.49% of the company’s stock.
South32 Limited operates as a diversified metals and mining company in Australia, Southern Africa, North America, and South America. 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.
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