South32 (SOUHY) Upgraded to “Buy” at ValuEngine

ValuEngine upgraded shares of South32 (OTCMKTS:SOUHY) from a hold rating to a buy rating in a research note published on Monday.

A number of other equities research analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of South32 from a hold rating to a strong sell rating in a research note on Friday, February 23rd. Goldman Sachs began coverage on shares of South32 in a research note on Monday, April 16th. They set a buy rating on the stock. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $15.00.

Shares of South32 opened at $15.02 on Monday, MarketBeat.com reports. The firm has a market capitalization of $15.20 billion, a PE ratio of 13.91 and a beta of 1.76. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.15 and a current ratio of 2.73. South32 has a 1 year low of $9.43 and a 1 year high of $16.05.

About South32

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for South32 (OTCMKTS:SOUHY)

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