South32 Ltd. (OTC:SOUHY) Downgraded to Neutral at Macquarie

South32 Ltd. (OTC:SOUHY) was downgraded by analysts at Macquarie from an “outperform” rating to a “neutral” rating in a report issued on Thursday, August 31st, StockTargetPrices.com reports.

SOUHY has been the subject of a number of other reports. Jefferies Group LLC downgraded shares of South32 from a “buy” rating to a “hold” rating in a report on Thursday, June 8th. HSBC Holdings plc cut shares of South32 from a “buy” rating to a “hold” rating in a research note on Friday, July 14th.

Shares of South32 (OTC:SOUHY) traded down 2.94% during midday trading on Thursday, hitting $12.22. 435,035 shares of the company were exchanged. The stock has a market cap of $12.94 billion, a PE ratio of 10.67 and a beta of 1.63. The stock’s 50-day moving average is $11.88 and its 200-day moving average is $10.72. South32 has a one year low of $8.59 and a one year high of $12.90.

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About South32

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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