SOUTH32 LTD/S (OTCMKTS:SOUHY) Stock Rating Lowered by Zacks Investment Research

SOUTH32 LTD/S (OTCMKTS:SOUHY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Wednesday, Zacks.com reports.

According to Zacks, “South32 Limited is a resources company. The Company primarily produces alumina, aluminium, coal, manganese, nickel, silver, lead and zinc. South32 Limited is based in Perth, Australia. “

A number of other equities research analysts have also weighed in on the company. ValuEngine lowered SOUTH32 LTD/S from a “hold” rating to a “sell” rating in a research report on Friday, July 12th. HSBC restated a “hold” rating on shares of SOUTH32 LTD/S in a research report on Monday, July 15th. Finally, Liberum Capital upgraded SOUTH32 LTD/S from a “sell” rating to a “hold” rating in a research report on Wednesday, July 3rd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $15.00.

Shares of SOUHY stock traded down $0.17 during trading hours on Wednesday, reaching $9.30. The company’s stock had a trading volume of 35,423 shares, compared to its average volume of 64,130. The company has a market capitalization of $10.21 billion, a PE ratio of 7.32 and a beta of 0.85. SOUTH32 LTD/S has a one year low of $9.35 and a one year high of $15.14. The business’s fifty day moving average is $10.81.

SOUTH32 LTD/S Company Profile

South32 Limited operates as a diversified metals and mining company primarily in Australia, Southern Africa, and South America. The company has a portfolio of assets producing alumina, aluminum, bauxite, energy and metallurgical coal, manganese ore and alloy, laterite ferronickel, silver, lead, and zinc.

Read More: What is the Dow Jones Industrial Average (DJIA)?

Get a free copy of the Zacks research report on SOUTH32 LTD/S (SOUHY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for SOUTH32 LTD/S Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SOUTH32 LTD/S and related companies with MarketBeat.com's FREE daily email newsletter.