South32 (OTCMKTS:SOUHY) Sees Unusually-High Trading Volume - Should You Buy?

Key Points

• South32 Ltd. experienced an increase in trading volume, with 134,570 shares traded, up 5% from the previous session.
• Equity research analysts have downgraded South32's stock ratings, with Goldman Sachs and Jefferies both reducing their ratings to a hold, and Zacks Research assigning a strong sell rating.
• The company recently announced a dividend of $0.1196, which will yield 316.0% and is set to be paid on October 16th.

South32 Ltd. (OTCMKTS:SOUHY - Get Free Report) saw strong trading volume on Tuesday . 134,570 shares changed hands during trading, an increase of 5% from the previous session's volume of 128,464 shares.The stock last traded at $9.73 and had previously closed at $9.47.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. The Goldman Sachs Group lowered South32 from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 7th. Jefferies Financial Group lowered South32 from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 11th. Finally, Zacks Research lowered South32 from a "hold" rating to a "strong sell" rating in a research note on Friday, September 19th. Six research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, South32 currently has a consensus rating of "Reduce".

South32 Price Performance

The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.83 and a current ratio of 2.43. The company has a 50 day moving average price of $9.10 and a two-hundred day moving average price of $9.33.

South32 Announces Dividend

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

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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