SOUTH32 Ltd/S (SOUHY) Lowered to Strong Sell at Zacks Investment Research
Zacks Investment Research downgraded shares of SOUTH32 Ltd/S (OTCMKTS:SOUHY) from a buy rating to a strong sell rating in a research report released on Tuesday morning.
According to Zacks, “South32 Limited is a resources company. The Company primarily produces alumina, aluminium, coal, manganese, nickel, silver, lead and zinc. South32 Limited is based in Perth, Australia. “
Separately, ValuEngine upgraded shares of SOUTH32 Ltd/S from a hold rating to a buy rating in a research report on Monday, May 14th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of Hold and an average target price of $15.00.
The firm also recently declared a Semi-Annual dividend, which will be paid on Thursday, October 11th. Shareholders of record on Friday, September 14th will be given a $0.285 dividend. The ex-dividend date is Thursday, September 13th. SOUTH32 Ltd/S’s dividend payout ratio (DPR) is presently 58.33%.
About SOUTH32 Ltd/S
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, laterite ferronickel, silver, lead, and zinc.
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