South32 (LON:S32) Trading Down 0.3% - Time to Sell?

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

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group upped their price objective on shares of South32 from GBX 125 ($1.66) to GBX 130 ($1.73) and gave the stock a "hold" rating in a research report on Tuesday.

South32 Price Performance

The stock has a market cap of £7.92 billion, a P/E ratio of 98.93, a PEG ratio of 7.26 and a beta of 0.91. The business's fifty day moving average price is GBX 144.16 and its 200 day moving average price is GBX 153.24.

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.