South32 (LON:S32) Stock Price Down 1.9% - Should You Sell?

South32 Limited (LON:S32 - Get Free Report)'s stock price dropped 1.9% during mid-day trading on Monday . The stock traded as low as GBX 171.30 ($2.13) and last traded at GBX 174.40 ($2.17). Approximately 889,164 shares changed hands during mid-day trading, an increase of 137% from the average daily volume of 374,481 shares. The stock had previously closed at GBX 177.70 ($2.21).

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Canaccord Genuity Group reiterated a "sell" rating and issued a GBX 120 ($1.49) price objective on shares of South32 in a research note on Friday, December 13th. Citigroup lowered South32 to a "neutral" rating in a report on Thursday, December 12th. Finally, Canaccord Genuity Group restated a "sell" rating and issued a GBX 120 ($1.49) price objective on shares of South32 in a research note on Friday, December 13th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, South32 currently has an average rating of "Hold" and an average target price of GBX 200.75 ($2.49).

South32 Trading Up 0.3 %

The firm has a fifty day simple moving average of GBX 175.69 and a 200 day simple moving average of GBX 172.54. The stock has a market cap of £7.63 billion, a price-to-earnings ratio of -1,538.18, 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.