South32 (OTCMKTS:SOUHY) Downgraded to Hold Rating by Jefferies Financial Group

Key Points

• Jefferies Financial Group has downgraded South32 from a "strong-buy" rating to a "hold" rating.
• Other analysts have also issued downgrades, with six analysts now rating the stock as a "hold".
• South32's stock opened at $10.07, with a 52-week range between $7.52 and $13.04.

South32 (OTCMKTS:SOUHY - Get Free Report) was downgraded by Jefferies Financial Group from a "strong-buy" rating to a "hold" rating in a report released on Monday, August 11th,Zacks.com reports.

Several other brokerages have also recently weighed in on SOUHY. The Goldman Sachs Group cut South32 from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 7th. Canaccord Genuity Group raised South32 from a "strong sell" rating to a "hold" rating in a research note on Wednesday, April 23rd. Citigroup cut South32 from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 28th. Finally, BNP Paribas raised South32 to a "neutral" rating in a research note on Wednesday, April 23rd. Six analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Hold".

South32 Stock Up 0.7%

SOUHY stock traded up $0.0660 during midday trading on Monday, hitting $9.46. The stock had a trading volume of 83,468 shares, compared to its average volume of 123,851. The business has a 50-day moving average of $9.73 and a two-hundred day moving average of $9.91. South32 has a 52-week low of $7.52 and a 52-week high of $13.0350. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.83 and a quick ratio of 1.98.

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.