Zacks Investment Research Reduced SOUTH32 Ltd/S (SOUHY) to Sell

Zacks Investment Research Reduced SOUTH32 Ltd/S (SOUHY) to Sell

SOUTH32 Ltd/S (OTCMKTS:SOUHY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday.

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. “

Separately, ValuEngine upgraded SOUTH32 Ltd/S from a “sell” rating to a “hold” rating in a report on Thursday, August 23rd.

Shares of OTCMKTS:SOUHY opened at $11.12 on Wednesday. The company has a market capitalization of $11.66 billion, a price-to-earnings ratio of 8.76 and a beta of 1.48. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.36 and a current ratio of 2.90. SOUTH32 Ltd/S has a 52-week low of $10.94 and a 52-week high of $16.05.

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.

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