South32 Ltd. (OTC:SOUHY) – Research analysts at Jefferies Group lifted their FY2018 EPS estimates for South32 in a research report issued to clients and investors on Thursday. Jefferies Group analyst C. Lafemina now forecasts that the company will post earnings per share of $1.25 for the year, up from their previous estimate of $0.90. Jefferies Group also issued estimates for South32’s FY2019 earnings at $1.35 EPS.
Other analysts have also issued reports about the company. ValuEngine lowered South32 from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. HSBC Holdings plc lowered South32 from a “buy” rating to a “hold” rating in a report on Friday, July 14th. UBS AG lowered South32 from a “buy” rating to a “neutral” rating in a report on Thursday, October 5th. Finally, Macquarie lowered South32 from an “outperform” rating to a “neutral” rating in a report on Thursday, August 31st. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold”.
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Shares of South32 (OTC:SOUHY) traded up 0.24% on Monday, hitting $12.52. The company had a trading volume of 30,288 shares. South32 has a 52 week low of $9.20 and a 52 week high of $13.39. The stock’s 50-day moving average is $12.50 and its 200 day moving average is $11.08. The company has a market capitalization of $13.03 billion, a price-to-earnings ratio of 10.93 and a beta of 1.67.
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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