South32 (OTCMKTS:SOUHY) Raised to Strong-Buy at Jefferies Financial Group

Key Points

• Jefferies Financial Group has upgraded South32 from a "hold" rating to a "strong-buy" rating, indicating increased confidence in the company's stock potential.
• Despite the upgrade, Zacks Research recently downgraded South32 from a "hold" to a "strong sell," reflecting mixed sentiments from different analysts.
• As of Monday, South32 shares opened at $9.76, with a 12-month price range between $7.52 and $13.04, showcasing volatility in its market performance.

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

Other equities research analysts have also issued reports about the stock. Zacks Research lowered shares of South32 from a "hold" rating to a "strong sell" rating in a report on Friday, September 19th. The Goldman Sachs Group cut South32 from a "strong-buy" rating to a "hold" rating in a report on Monday, July 7th. One research analyst has rated the stock with a Strong Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold".

South32 Price Performance

Shares of SOUHY stock opened at $9.76 on Monday. The business's fifty day simple moving average is $9.10 and its 200-day simple moving average is $9.33. The company has a quick ratio of 1.83, a current ratio of 2.43 and a debt-to-equity ratio of 0.15. South32 has a 12-month low of $7.52 and a 12-month high of $13.04.

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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