South32 (OTCMKTS:SOUHY) Reaches New 52-Week High – Should You Buy?

South32 Ltd. (OTCMKTS:SOUHY) reached a new 52-week high during trading on Monday . The stock traded as high as $12.36 and last traded at $12.36, with a volume of 8741 shares trading hands. The stock had previously closed at $12.03.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Zacks Research raised shares of South32 from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 4th. Jefferies Financial Group raised shares of South32 from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, South32 has a consensus rating of “Hold”.

South32 Trading Up 3.4%

The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.83 and a current ratio of 2.43. The business’s 50 day simple moving average is $10.97 and its 200 day simple moving average is $10.01.

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.