South32 (LON:S32) PT Lowered to GBX 370

South32 (LON:S32) had its target price lowered by Royal Bank of Canada from GBX 380 ($5.01) to GBX 370 ($4.88) in a research report sent to investors on Friday morning, MarketBeat Ratings reports. The firm currently has an outperform rating on the stock.

A number of other equities analysts also recently weighed in on S32. Citigroup reaffirmed a neutral rating on shares of South32 in a research report on Monday, June 17th. Canaccord Genuity Group restated a sell rating and set a GBX 55 ($0.73) target price on shares of South32 in a report on Thursday.

South32 Price Performance

S32 stock opened at GBX 160 ($2.11) on Friday. The stock has a market capitalization of £7.25 billion, a P/E ratio of -1,230.77, a P/E/G ratio of 18.09 and a beta of 0.93. South32 has a fifty-two week low of GBX 141.50 ($1.87) and a fifty-two week high of GBX 209.60 ($2.76). The business has a 50-day moving average of GBX 169.07 and a 200-day moving average of GBX 172.12.

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 given a dividend of $0.03 per share. This is a positive change from South32’s previous dividend of $0.00. The ex-dividend date is Thursday, September 19th. This represents a dividend yield of 1.51%. South32’s payout ratio is -2,307.69%.

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.