Goldman Sachs assumed coverage on shares of South32 (OTCMKTS:SOUHY) in a research note released on Monday. The firm issued a buy rating on the basic materials company’s stock.
A number of other equities research analysts have also recently weighed in on the company. Zacks Investment Research cut South32 from a hold rating to a strong sell rating in a research note on Friday, February 23rd. ValuEngine cut South32 from a buy rating to a hold rating in a research note on Monday, April 2nd. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of Hold and an average price target of $15.00.
SOUHY opened at $14.13 on Monday. South32 has a 1-year low of $9.43 and a 1-year high of $16.05. The company has a current ratio of 2.73, a quick ratio of 2.15 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $14,247.06, a P/E ratio of 13.08 and a beta of 1.77.
The company also recently disclosed a None dividend, which was paid on Thursday, April 5th. Shareholders of record on Friday, March 9th were issued a $0.336 dividend. The ex-dividend date of this dividend was Thursday, March 8th. South32’s dividend payout ratio is 58.33%.
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South32 Company Profile
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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