South32 (LON:S32) Stock Price Down 1% - Here's Why

South32 Limited (LON:S32 - Get Free Report) dropped 1% during trading on Monday . The company traded as low as GBX 135.20 ($1.86) and last traded at GBX 136.80 ($1.88). Approximately 119,609 shares changed hands during trading, a decline of 66% from the average daily volume of 350,019 shares. The stock had previously closed at GBX 138.20 ($1.90).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group raised shares of South32 to a "hold" rating and set a GBX 125 ($1.72) price target for the company in a report on Wednesday, April 23rd.

South32 Stock Up 0.7%

The firm has a market cap of £7.96 billion, a P/E ratio of 99.49, a price-to-earnings-growth ratio of 7.26 and a beta of 0.91. The business's 50 day moving average is GBX 139.81 and its 200-day moving average is GBX 157.52.

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.