South32 (SOUHY) Coverage Initiated at Goldman Sachs
Equities research analysts at Goldman Sachs started coverage on shares of South32 (OTCMKTS:SOUHY) in a research note issued on Monday. The brokerage set a “buy” rating on the basic materials company’s stock.
Other equities research analysts also recently issued reports about the stock. ValuEngine downgraded shares of South32 from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. Zacks Investment Research downgraded shares of South32 from a “hold” rating to a “strong sell” rating in a research report on Friday, February 23rd. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $15.00.
SOUHY stock traded up $0.40 during trading on Monday, reaching $14.15. The stock had a trading volume of 3,828 shares, compared to its average volume of 47,894. South32 has a one year low of $9.43 and a one year high of $16.05. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.15 and a current ratio of 2.73. The company has a market capitalization of $14,247.06, a price-to-earnings ratio of 13.10 and a beta of 1.77.
South32 Limited operates as a diversified metals and mining company primarily in Australia, Southern Africa, and South America. The company has a portfolio of assets producing alumina, aluminum, bauxite, energy and metallurgical coal, manganese ore and alloy, ferronickel, silver, lead, and zinc. It also exports its products.
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