South32 (OTCMKTS:SOUHY) Hits New 12-Month High – Should You Buy?

Shares of South32 Ltd. (OTCMKTS:SOUHY) reached a new 52-week high on Tuesday . The stock traded as high as $14.00 and last traded at $13.87, with a volume of 36896 shares. The stock had previously closed at $13.88.

Wall Street Analysts Forecast Growth

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

South32 Trading Up 5.5%

The company has a debt-to-equity ratio of 0.15, a current ratio of 2.43 and a quick ratio of 1.83. The firm’s 50 day simple moving average is $11.85 and its 200-day simple moving average is $10.38.

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.