South32 Ltd. (OTCMKTS:SOUHY) Receives Average Rating of “Hold” from Brokerages

South32 Ltd. (OTCMKTS:SOUHY) has been given an average recommendation of “Hold” by the seven brokerages that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a strong buy rating to the company.

SOUHY has been the subject of a number of recent research reports. The Goldman Sachs Group downgraded shares of South32 from a “strong-buy” rating to a “hold” rating in a report on Monday, July 7th. Zacks Research cut South32 from a “hold” rating to a “strong sell” rating in a research note on Friday, September 19th. Finally, Jefferies Financial Group raised South32 from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 6th.

South32 Stock Performance

Shares of South32 stock opened at $10.22 on Friday. South32 has a 52-week low of $7.52 and a 52-week high of $13.04. The firm has a 50-day moving average of $9.25 and a 200-day moving average of $9.35. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.43 and a quick ratio of 1.83.

South32 Announces Dividend

The business also recently declared a dividend, which was paid on Thursday, October 16th. Investors of record on Monday, September 22nd were given a $0.1196 dividend. The ex-dividend date was Friday, September 19th. This represents a dividend yield of 316.0%.

About South32

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.