The Goldman Sachs Group Downgrades South32 (OTCMKTS:SOUHY) to Hold

South32 (OTCMKTS:SOUHY - Get Free Report) was downgraded by equities research analysts at The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research report issued on Monday,Zacks.com reports.

Other equities analysts also recently issued research reports about the stock. Canaccord Genuity Group raised shares of South32 from a "strong sell" rating to a "hold" rating in a report on Wednesday, April 23rd. Citigroup cut shares of South32 from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 28th. BNP Paribas upgraded South32 to a "neutral" rating in a research report on Wednesday, April 23rd. Finally, UBS Group downgraded South32 from a "strong-buy" rating to a "hold" rating in a research report on Friday, March 21st. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold".

South32 Stock Up 2.0%

SOUHY traded up $0.20 on Monday, hitting $10.05. 63,343 shares of the company's stock traded hands, compared to its average volume of 89,978. South32 has a one year low of $7.52 and a one year high of $13.04. The company has a quick ratio of 1.98, a current ratio of 2.83 and a debt-to-equity ratio of 0.15. The company's 50 day simple moving average is $9.62 and its 200-day simple moving average is $10.11.

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.