Canaccord Genuity Group reaffirmed their sell rating on shares of South32 (LON:S32 - Free Report) in a research note published on Thursday morning, Marketbeat reports. They currently have a GBX 125 ($1.67) price objective on the stock.
South32 Stock Down 2.5 %
South32 stock traded down GBX 3.20 ($0.04) during midday trading on Thursday, reaching GBX 126.80 ($1.70). The company's stock had a trading volume of 234,304 shares, compared to its average volume of 356,192. The business has a 50-day simple moving average of GBX 160.74 and a 200-day simple moving average of GBX 173.13. The company has a market cap of £7.13 billion, a P/E ratio of 89.09, a P/E/G ratio of 7.26 and a beta of 0.91. South32 has a fifty-two week low of GBX 117 ($1.57) and a fifty-two week high of GBX 209.60 ($2.80).
About South32
(
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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.
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