South32 (LON:S32) Receives “Outperform” Rating from Royal Bank Of Canada

South32 (LON:S32)‘s stock had its “outperform” rating reaffirmed by equities researchers at Royal Bank Of Canada in a research report issued on Monday, Digital Look reports.

A number of other brokerages have also commented on S32. Citigroup increased their price objective on shares of South32 from GBX 3,000 to GBX 3,200 and gave the stock a “buy” rating in a report on Monday, June 8th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 310 price objective on shares of South32 in a research report on Friday, August 28th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of GBX 1,755.

South32 Price Performance

LON S32 opened at GBX 255.40 on Monday. The stock’s 50 day simple moving average is GBX 247.40 and its 200 day simple moving average is GBX 236.22. South32 has a one year low of GBX 123.60 and a one year high of GBX 282. The firm has a market cap of £11.45 billion, a PE ratio of 10.60, a price-to-earnings-growth ratio of 7.26 and a beta of 0.70.

Insider Transactions at South32

In other news, insider Stephen Pearce bought 40,000 shares of the stock in a transaction on Friday, August 28th. The stock was purchased at an average price of GBX 5 per share, with a total value of £2,000. Corporate insiders own 0.38% of the company’s stock.

South32 Company Profile

South32 Limited operates as a diversified metals and mining company in Australia, India, China, Japan, the Middle East, Mozambique, the Netherlands, Brazil, Russia, South Africa, South Korea, the United States, and internationally. 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. It has a portfolio of assets producing bauxite, alumina, aluminum, copper, silver, lead, zinc, nickel, metallurgical coal, manganese, ferronickel, and other base metals.