SOUTH32 LTD (OTCMKTS:SOUHY) – Equities researchers at Jefferies Group upped their FY2018 earnings estimates for shares of SOUTH32 in a research note issued to investors on Thursday. Jefferies Group analyst C. Lafemina now anticipates that the basic materials company will post earnings of $1.40 per share for the year, up from their previous estimate of $1.35. Jefferies Group also issued estimates for SOUTH32’s FY2020 earnings at $1.35 EPS.
Several other research analysts have also recently weighed in on the company. Zacks Investment Research cut SOUTH32 from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 13th. Citigroup raised SOUTH32 from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 5th. Finally, Deutsche Bank cut SOUTH32 from a “hold” rating to a “sell” rating in a research note on Tuesday, November 7th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $15.00.
SOUTH32 (SOUHY) opened at $13.30 on Friday. SOUTH32 has a 52 week low of $9.20 and a 52 week high of $16.05. The company has a quick ratio of 2.04, a current ratio of 2.48 and a debt-to-equity ratio of 0.06.
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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, ferronickel, silver, lead, and zinc. It also exports its products.
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