Business
Why the South32 (ASX:S32) share price is outperforming today
The South32 Ltd (ASX: S32) share price is outpacing gains on the broader market after a broker upgraded its shares.
The diversified miner jumped 3.3% to $2.84 in morning trade when the S&P/ASX 200 Index (Index:^AXJO) gained 0.4%.
South32 share price leading the pack
While ASX mining shares are leading the charge higher, few of the majors can keep up with the South32 share price.
The BHP Group Ltd (ASX: BHP) share price, Rio Tinto Limited (ASX: RIO) share price and Fortescue Metals Group Limited (ASX: FMG) share price increased by less than 2% each.
Asset sale and broker upgrade
South32 announced today that the transfer of its shareholding in South32 SA Coal Holdings (South Africa Energy Coal) to Seriti Resources Holdings…
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