South32 (LON:S32) Stock Price Down 2.1%

South32 Limited (LON:S32) traded down 2.1% during mid-day trading on Friday . The company traded as low as GBX 160.70 ($2.12) and last traded at GBX 160.70 ($2.12). 124,124 shares traded hands during mid-day trading, a decline of 74% from the average session volume of 474,147 shares. The stock had previously closed at GBX 164.10 ($2.17).

Wall Street Analysts Forecast Growth

S32 has been the subject of several recent analyst reports. Citigroup reiterated a “neutral” rating on shares of South32 in a research report on Monday, June 17th. Canaccord Genuity Group reiterated a “sell” rating and set a GBX 55 ($0.73) price target on shares of South32 in a report on Thursday, August 29th. Finally, Royal Bank of Canada lowered their price objective on South32 from GBX 380 ($5.02) to GBX 370 ($4.89) and set an “outperform” rating for the company in a research report on Friday, August 30th.

South32 Trading Down 2.1 %

The firm’s 50-day moving average price is GBX 157.48 and its 200 day moving average price is GBX 172.85. The company has a market cap of £7.25 billion, a price-to-earnings ratio of -1,460.91, a P/E/G ratio of 7.26 and a beta of 0.91.

South32 Increases Dividend

The business also recently declared a dividend, which will be paid on Thursday, October 17th. Shareholders of record on Thursday, September 19th will be issued a $0.03 dividend. This represents a yield of 1.51%. This is a boost from South32’s previous dividend of $0.00. The ex-dividend date of this dividend is Thursday, September 19th. South32’s dividend payout ratio (DPR) is presently -2,727.27%.

About South32

South32 Limited operates as a diversified metals and mining company in Australia, India, China, Japan, the Middle East, Mozambique, the Netherlands, Brazil, Russia, South Africa, South Korea, the United States, and internationally. 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.