South32 (LON:S32) Hits New 52-Week Low - Time to Sell?

South32 Limited (LON:S32 - Get Free Report) hit a new 52-week low on Friday . The stock traded as low as GBX 133.60 ($1.71) and last traded at GBX 135.49 ($1.73), with a volume of 682751 shares. The stock had previously closed at GBX 144.20 ($1.84).

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Citigroup cut shares of South32 to a "neutral" rating in a research note on Thursday, December 12th. Canaccord Genuity Group increased their price target on shares of South32 from GBX 120 ($1.53) to GBX 125 ($1.60) and gave the stock a "sell" rating in a report on Tuesday, February 11th. Finally, Canaccord Genuity Group restated a "sell" rating and issued a GBX 120 ($1.53) price objective on shares of South32 in a research report on Friday, December 13th.

South32 Stock Performance

The company has a market capitalization of £6.77 billion, a PE ratio of 84.60, a price-to-earnings-growth ratio of 7.26 and a beta of 0.91. The firm's 50-day simple moving average is GBX 167.59 and its 200 day simple moving average is GBX 176.05.

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.