South32 (OTCMKTS:SOUHY) Reaches New 12-Month High – Still a Buy?

South32 Ltd. (OTCMKTS:SOUHY)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $12.24 and last traded at $12.00, with a volume of 72779 shares. The stock had previously closed at $11.95.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Zacks Research upgraded South32 from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. Jefferies Financial Group raised shares of South32 from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 6th. One investment analyst has rated the stock with a Strong Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold”.

South32 Price Performance

The stock has a fifty day simple moving average of $10.86 and a 200 day simple moving average of $9.95. The company has a quick ratio of 1.83, a current ratio of 2.43 and a debt-to-equity ratio of 0.15.

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.