South32 (OTCMKTS:SOUHY) Given “Underweight” Rating at Barclays

Barclays reiterated their underweight rating on shares of South32 (OTCMKTS:SOUHY) in a research report released on Wednesday, The Fly reports.

Separately, Deutsche Bank Aktiengesellschaft restated a buy rating on shares of South32 in a research note on Wednesday, March 10th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. South32 has an average rating of Hold and a consensus target price of $8.75.

Shares of OTCMKTS:SOUHY opened at $11.09 on Wednesday. The stock has a 50 day moving average of $10.79 and a 200 day moving average of $9.41. The company has a market cap of $10.59 billion, a PE ratio of 55.45 and a beta of 1.08. The company has a current ratio of 2.10, a quick ratio of 1.52 and a debt-to-equity ratio of 0.07. South32 has a 12-month low of $5.68 and a 12-month high of $11.32.

The company also recently disclosed a dividend, which will be paid on Thursday, April 8th. Stockholders of record on Friday, March 12th will be issued a dividend of $0.12 per share. The ex-dividend date is Thursday, March 11th. This represents a dividend yield of 1.12%. South32’s dividend payout ratio (DPR) is 65.00%.

About South32

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

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