South32 (LON:S32) Reaches New 12-Month Low - Here's Why

Shares of South32 Limited (LON:S32 - Get Free Report) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as GBX 117 ($1.54) and last traded at GBX 120.40 ($1.59), with a volume of 226356 shares traded. The stock had previously closed at GBX 123.80 ($1.63).

Analyst Ratings Changes

Separately, Canaccord Genuity Group increased their price target on South32 from GBX 120 ($1.58) to GBX 125 ($1.65) and gave the company a "sell" rating in a research note on Tuesday, February 11th.

South32 Trading Down 0.9 %

The company's 50-day simple moving average is GBX 165.26 and its 200-day simple moving average is GBX 175.24. The stock has a market capitalization of £7.56 billion, a price-to-earnings ratio of 94.43, 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.