Shares to buy: South 32 (S32)
Posted on November 20, 2017
South32 is a mining and metals company headquartered in Perth, Western Australia. It was spun out of BHP Billiton on 25 May 2015. The company is listed on the Australian Securities Exchange with secondary listings on the Johannesburg bourse and the London market.
Recent pullback provides opportunity to buy into uptrend.
Often times at Australian Stock Report, we look to buy stocks or other instruments that are pulling back within a broader uptrend. And that is what we are seeing right now with S32. There is a well-defined uptrend in place but the recent pullback, from $3.70 into $3.40, offers the opportunity to be a buyer from a point of value.
Price Target: $3.80