South32 (OTCMKTS:SOUHY) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of South32 (OTCMKTS:SOUHY) from a strong sell rating to a hold rating in a research report sent to investors on Monday morning,Zacks.com reports.

Separately, Citigroup reissued a “buy” rating on shares of South32 in a report on Tuesday, May 26th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

South32 Price Performance

South32 stock opened at $14.30 on Monday. South32 has a 52-week low of $8.07 and a 52-week high of $17.50. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.99 and a current ratio of 2.71. The business has a 50-day simple moving average of $15.76 and a two-hundred day simple moving average of $14.82.

About South32

South32 is a diversified metals and mining company headquartered in Perth, Australia. Established in May 2015 through a demerger from BHP Billiton, the company focuses on the extraction, processing and marketing of commodities that underpin global industrial and consumer demand. South32’s portfolio includes alumina, aluminum, bauxite, metallurgical coal, manganese, nickel, silver, lead and zinc, making it a key participant across several commodity markets.

The company’s operations are organized by commodity and geography.