South32 Limited (OTCMKTS:SOUHY) Given Consensus Recommendation of “Moderate Buy” by Brokerages

South32 Limited (OTCMKTS:SOUHY) has been given a consensus recommendation of “Moderate Buy” by the six brokerages that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company.

Several analysts have recently issued reports on SOUHY shares. UBS Group reduced their price objective on South32 from GBX 245 ($3.09) to GBX 230 ($2.90) in a research report on Friday, August 25th. Royal Bank of Canada reduced their target price on South32 from GBX 410 ($5.17) to GBX 400 ($5.04) in a research report on Friday, August 25th. Barclays reduced their target price on South32 from GBX 195 ($2.46) to GBX 180 ($2.27) in a research report on Tuesday. The Goldman Sachs Group downgraded South32 from a “buy” rating to a “neutral” rating in a research report on Monday, July 24th. Finally, BMO Capital Markets reduced their target price on South32 from GBX 210 ($2.65) to GBX 200 ($2.52) in a research report on Thursday, August 24th.

South32 Stock Performance

Shares of OTCMKTS:SOUHY opened at $10.97 on Friday. South32 has a 52-week low of $10.65 and a 52-week high of $17.10. The stock’s fifty day simple moving average is $12.44 and its 200-day simple moving average is $13.52.

South32 Cuts Dividend

The business also recently announced a dividend, which will be paid on Thursday, October 12th. Stockholders of record on Friday, September 15th will be paid a $0.1472 dividend. The ex-dividend date is Thursday, September 14th.

About South32

South32 Limited operates as a diversified metals and mining company in Australia, Southern Africa, North America, and South America. 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.