South32 (LON:S32) Shares Down 0.3% - Here's What Happened

South32 Limited (LON:S32 - Get Free Report) traded down 0.3% during mid-day trading on Tuesday . The stock traded as low as GBX 143.40 ($1.90) and last traded at GBX 144.80 ($1.92). 341,614 shares traded hands during trading, a decline of 2% from the average session volume of 350,367 shares. The stock had previously closed at GBX 145.20 ($1.93).

Analyst Ratings Changes

Separately, Canaccord Genuity Group upped their price objective on shares of South32 from GBX 125 ($1.66) to GBX 130 ($1.72) and gave the stock a "hold" rating in a report on Tuesday.

South32 Trading Up 0.6%

The company's 50-day simple moving average is GBX 144.42 and its 200-day simple moving average is GBX 153.72. The stock has a market capitalization of £8.19 billion, a price-to-earnings ratio of 102.30, a PEG ratio of 7.26 and a beta of 0.91.

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.