A number of other brokerages have also recently commented on S32. Citigroup raised South32 to a buy rating and set a GBX 210 ($2.90) price target for the company in a research note on Tuesday, December 5th. Deutsche Bank reaffirmed a hold rating and issued a GBX 170 ($2.35) price target on shares of South32 in a research note on Friday, October 20th. Macquarie reaffirmed a neutral rating and issued a GBX 200 ($2.76) price target on shares of South32 in a research note on Friday, October 20th. Barclays upped their price target on South32 from GBX 245 ($3.38) to GBX 265 ($3.66) and gave the company an overweight rating in a research note on Monday, January 8th. Finally, Jefferies Group reaffirmed a hold rating and issued a GBX 200 ($2.76) price target on shares of South32 in a research note on Thursday, October 19th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. The stock has an average rating of Hold and an average target price of GBX 188.20 ($2.60).
Shares of South32 (S32) opened at GBX 189.30 ($2.62) on Thursday. South32 has a 52 week low of GBX 143.25 ($1.98) and a 52 week high of GBX 236 ($3.26).
South32 Limited is a metals and mining company. The Company’s segments include Worsley Alumina, which includes an integrated bauxite mine and alumina refinery in Western Australia; South Africa Aluminium, which includes an aluminum smelter in Richards Bay; Brazil Alumina, which includes an alumina refinery in Brazil; Mozal Aluminium, including an aluminum smelter in Mozambique; South Africa Energy Coal, including open-cut and underground energy coal mines and processing operations in South Africa; Illawarra Metallurgical Coal, which includes underground metallurgical coal mines in New South Wales; Australia Manganese, which produces manganese ore in the Northern Territory and manganese alloys in Tasmania; South Africa Manganese, which produces manganese ore and alloy in South Africa; Cerro Matoso, including an integrated laterite ferronickel mining and smelting complex in Colombia, and Cannington, including silver, lead and zinc mine in Queensland.
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