Canaccord Genuity Group Reiterates Hold Rating for South32 (LON:S32)

Canaccord Genuity Group reissued their hold rating on shares of South32 (LON:S32 - Free Report) in a research report released on Monday morning, Marketbeat.com reports. The brokerage currently has a GBX 125 ($1.70) price objective on the stock.

South32 Stock Up 1.8%

Shares of S32 traded up GBX 2.60 ($0.04) on Monday, hitting GBX 147 ($2.00). 431,062 shares of the stock traded hands, compared to its average volume of 349,864. South32 has a 1 year low of GBX 117 ($1.59) and a 1 year high of GBX 199.90 ($2.72). The stock's 50 day moving average is GBX 142.77 and its two-hundred day moving average is GBX 156.11. The firm has a market capitalization of £8.27 billion, a P/E ratio of 103.28, a P/E/G ratio of 7.26 and a beta of 0.91.

About South32

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.