SOUTH32 LTD/S (SOUHY) to Post FY2020 Earnings of $0.90 Per Share, Jefferies Financial Group Forecasts
SOUTH32 LTD/S (OTCMKTS:SOUHY) – Investment analysts at Jefferies Financial Group boosted their FY2020 earnings estimates for shares of SOUTH32 LTD/S in a report released on Wednesday, March 13th. Jefferies Financial Group analyst C. Lafemina now expects that the basic materials company will post earnings of $0.90 per share for the year, up from their previous forecast of $0.80.
SOUHY has been the subject of a number of other reports. ValuEngine downgraded SOUTH32 LTD/S from a “hold” rating to a “sell” rating in a research note on Thursday, January 24th. Zacks Investment Research upgraded SOUTH32 LTD/S from a “sell” rating to a “strong-buy” rating and set a $15.00 price target for the company in a research note on Wednesday, February 13th. Finally, UBS Group upgraded SOUTH32 LTD/S from a “neutral” rating to a “buy” rating in a research note on Thursday, December 6th.
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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