South32 Ltd. (OTCMKTS:SOUHY) Given Average Rating of "Hold" by Brokerages

Key Points

• South32 Ltd. has received a consensus recommendation of "Hold" from six brokerages that cover the stock.
• The company recently announced a dividend of $0.1196 per share with an impressive dividend yield of 316.0%, payable on October 16th.
• The stock has fluctuated between a 12 month low of $7.52 and a high of $13.04, with current trading at around $8.67.

Shares of South32 Ltd. (OTCMKTS:SOUHY - Get Free Report) have been assigned a consensus recommendation of "Hold" from the six brokerages that are covering the stock, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold rating.

SOUHY has been the topic of several recent analyst reports. Jefferies Financial Group downgraded South32 from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 11th. Citigroup downgraded South32 from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 28th. Finally, The Goldman Sachs Group downgraded South32 from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 7th.

South32 Price Performance

Shares of OTCMKTS SOUHY opened at $8.67 on Tuesday. The company has a quick ratio of 1.83, a current ratio of 2.43 and a debt-to-equity ratio of 0.15. The business's 50 day moving average is $9.27 and its two-hundred day moving average is $9.49. South32 has a 12 month low of $7.52 and a 12 month high of $13.04.

South32 Announces Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, October 16th. Stockholders of record on Monday, September 22nd will be issued a dividend of $0.1196 per share. This represents a dividend yield of 316.0%. The ex-dividend date of this dividend is Friday, September 19th.

South32 Company Profile

South32 Limited operates as a diversified metals and mining company in Australia, India, China, Japan, the Middle East, Mozambique, the Netherlands, Brazil, Russia, South Africa, South Korea, the United States, and internationally. The company operates through Worsley Alumina, Brazil Alumina, Brazil Aluminium, Hillside Aluminium, Mozal Aluminium, Sierra Gorda, Cannington, Hermosa, Cerro Matoso, Illawarra Metallurgical Coal, Australia Manganese, and South Africa Manganese segments.

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