FY2019 Earnings Forecast for South32 Ltd. (SOUHY) Issued By Jefferies Group
South32 Ltd. (OTC:SOUHY) – Jefferies Group upped their FY2019 earnings per share (EPS) estimates for shares of South32 in a research note issued on Thursday. Jefferies Group analyst C. Lafemina now anticipates that the company will earn $1.05 per share for the year, up from their prior estimate of $1.00. Jefferies Group has a “Hold” rating on the stock. Jefferies Group also issued estimates for South32’s FY2020 earnings at $1.15 EPS.
Separately, HSBC Holdings plc downgraded shares of South32 from a “buy” rating to a “hold” rating in a report on Friday, July 14th.
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Shares of South32 (SOUHY) traded down 0.17% on Monday, hitting $11.45. The stock had a trading volume of 963 shares. The stock has a market cap of $12.13 billion, a PE ratio of 10.00 and a beta of 1.63. South32 has a one year low of $7.11 and a one year high of $12.06. The company’s 50 day moving average is $11.39 and its 200 day moving average is $10.49.
South32 Company Profile
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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