SOUTH32 LTD/S (OTCMKTS:SOUHY) Lifted to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of SOUTH32 LTD/S (OTCMKTS:SOUHY) from a strong sell rating to a hold rating in a report issued 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. “

Several other research analysts also recently commented on the stock. ValuEngine downgraded shares of SOUTH32 LTD/S from a hold rating to a sell rating in a research note on Friday, July 12th. HSBC reaffirmed a hold rating on shares of SOUTH32 LTD/S in a research note on Monday, July 15th. Finally, Liberum Capital raised shares of SOUTH32 LTD/S from a sell rating to a hold rating in a research note on Wednesday, July 3rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. SOUTH32 LTD/S presently has a consensus rating of Hold and an average target price of $15.00.



SOUHY stock opened at $9.29 on Wednesday. The company has a market capitalization of $9.46 billion, a PE ratio of 7.31 and a beta of 0.91. SOUTH32 LTD/S has a 12 month low of $7.97 and a 12 month high of $15.14. The firm’s 50-day moving average is $9.29 and its 200 day moving average is $11.28.

About SOUTH32 LTD/S

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.

See Also: Exchange-Traded Funds (ETFs)

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