Zacks Investment Research upgraded shares of SOUTH32 Ltd/S (OTCMKTS:SOUHY) from a strong sell rating to a hold rating in a research report released on Thursday.

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 sell rating to a hold rating in a report on Friday, September 14th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of Hold.

Shares of SOUHY opened at $13.70 on Thursday. The stock has a market capitalization of $14.29 billion, a P/E ratio of 12.69 and a beta of 1.56. SOUTH32 Ltd/S has a 12-month low of $11.58 and a 12-month high of $16.05.

The business also recently disclosed a Semi-Annual dividend, which was paid on Thursday, October 11th. Investors of record on Friday, September 14th were issued a $0.285 dividend. The ex-dividend date was Thursday, September 13th. SOUTH32 Ltd/S’s dividend payout ratio (DPR) is currently 52.78%.

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.

Read More: Outstanding Shares and The Effect on Share Price

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