South32 (OTCMKTS:SOUHY) Lowered to Hold Rating by The Goldman Sachs Group

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

Several other research firms have also recently issued reports on SOUHY. UBS Group cut 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 report on Wednesday, April 23rd. Citigroup downgraded South32 from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 28th. Finally, Canaccord Genuity Group raised shares of South32 from a "strong sell" rating to a "hold" rating in a research report on Wednesday, April 23rd. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the stock. According to MarketBeat, South32 presently has a consensus rating of "Hold".

South32 Stock Performance

Shares of OTCMKTS SOUHY traded up $0.14 during midday trading on Monday, reaching $10.18. 80,217 shares of the stock were exchanged, compared to its average volume of 133,816. 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 has a 50 day simple moving average of $9.65 and a 200 day simple moving average of $10.11. South32 has a twelve month low of $7.52 and a twelve 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.