South32 (OTCMKTS:SOUHY) Stock Rating Upgraded by Canaccord Genuity Group

South32 (OTCMKTS:SOUHY - Get Free Report) was upgraded by equities researchers at Canaccord Genuity Group from a "strong sell" rating to a "hold" rating in a research report issued on Wednesday,Zacks.com reports.

A number of other analysts also recently issued reports on the stock. Citigroup reiterated a "buy" rating on shares of South32 in a report on Tuesday, March 25th. UBS Group cut South32 from a "strong-buy" rating to a "hold" rating in a report on Friday, March 21st. Finally, BNP Paribas raised South32 to a "neutral" rating in a research note on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold".

South32 Stock Up 2.3 %

OTCMKTS SOUHY traded up $0.20 during trading hours on Wednesday, reaching $8.85. The company's stock had a trading volume of 86,012 shares, compared to its average volume of 151,893. South32 has a 1 year low of $7.52 and a 1 year high of $13.34. The company has a quick ratio of 1.85, a current ratio of 2.39 and a debt-to-equity ratio of 0.15. The firm's 50-day moving average price is $10.05 and its 200-day moving average price is $10.91.

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.