South32 (LON:S32) Price Target Raised to GBX 120

South32 (LON:S32) had its price objective increased by Canaccord Genuity Group from GBX 115 ($1.45) to GBX 120 ($1.51) in a research report report published on Wednesday, Marketbeat Ratings reports. The brokerage currently has a sell rating on the stock.

Separately, Royal Bank of Canada cut their price target on South32 from GBX 380 ($4.79) to GBX 370 ($4.66) and set an “outperform” rating on the stock in a report on Friday, August 30th.

South32 Trading Up 3.4 %

S32 opened at GBX 185.40 ($2.34) on Wednesday. The company has a market cap of £8.36 billion, a P/E ratio of -1,685.45, a price-to-earnings-growth ratio of 7.26 and a beta of 0.91. The company has a fifty day moving average price of GBX 178.89 and a two-hundred day moving average price of GBX 179.66. South32 has a 1-year low of GBX 141.50 ($1.78) and a 1-year high of GBX 209.60 ($2.64).

South32 Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, October 17th. Stockholders of record on Thursday, September 19th were issued a $0.03 dividend. This represents a dividend yield of 1.51%. The ex-dividend date was Thursday, September 19th. This is a positive change from South32’s previous dividend of $0.00. South32’s dividend payout ratio (DPR) is currently -2,727.27%.

South32 Company Profile

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.