Macquarie downgraded shares of South32 Ltd. (OTC:SOUHY) from an outperform rating to a neutral rating in a report issued on Thursday morning.

Several other brokerages have also issued reports on SOUHY. HSBC Holdings plc lowered South32 from a buy rating to a hold rating in a research note on Friday, July 14th. Jefferies Group LLC lowered South32 from a buy rating to a hold rating in a research note on Thursday, June 8th.

Shares of South32 (SOUHY) traded up 0.60% during mid-day trading on Thursday, reaching $11.75. The company’s stock had a trading volume of 8,753 shares. The firm has a market cap of $12.44 billion, a price-to-earnings ratio of 10.26 and a beta of 1.63. South32 has a 52-week low of $7.41 and a 52-week high of $12.06. The firm has a 50 day moving average price of $11.49 and a 200 day moving average price of $10.54.

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South32 Company Profile

South32 Limited operates as a diversified metals and mining company primarily in Australia, South America, and Southern Africa. It has a portfolio of assets producing alumina, aluminum, bauxite, energy and metallurgical coal, manganese ore and alloy, ferronickel, silver, lead, and zinc. South32 Limited also exports its products.

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