South32 (OTCMKTS:SOUHY) Stock Rating Upgraded by Canaccord Genuity Group

South32 (OTCMKTS:SOUHY - Get Free Report) was upgraded by analysts at Canaccord Genuity Group from a "strong sell" rating to a "hold" rating in a note issued to investors on Wednesday, April 23rd,Zacks.com reports.

A number of other equities analysts have also commented on the stock. UBS Group lowered shares of South32 from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 21st. BNP Paribas upgraded South32 to a "neutral" rating in a research note on Wednesday, April 23rd. Finally, Citigroup restated a "buy" rating on shares of South32 in a research note on Tuesday, March 25th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold".

South32 Stock Performance

Shares of South32 stock traded down $0.24 on Wednesday, hitting $8.61. The company had a trading volume of 208,732 shares, compared to its average volume of 152,594. The business has a 50-day simple moving average of $9.93 and a 200-day simple moving average of $10.88. The company has a current ratio of 2.39, a quick ratio of 1.85 and a debt-to-equity ratio of 0.15. South32 has a 52 week low of $7.52 and a 52 week high of $13.34.

About South32

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.