South32 (LON:S32) Shares Down 0.5% – Here’s What Happened

South32 Limited (LON:S32) shares dropped 0.5% during trading on Wednesday . The company traded as low as GBX 186.60 ($2.43) and last traded at GBX 189 ($2.46). Approximately 526,928 shares were traded during trading, an increase of 13% from the average daily volume of 466,010 shares. The stock had previously closed at GBX 190 ($2.47).

Analyst Ratings Changes

A number of analysts recently commented on S32 shares. Canaccord Genuity Group reissued a “sell” rating and issued a GBX 55 ($0.72) price target on shares of South32 in a research note on Thursday, August 29th. Royal Bank of Canada decreased their price target on South32 from GBX 380 ($4.95) to GBX 370 ($4.82) and set an “outperform” rating on the stock in a research note on Friday, August 30th.

South32 Stock Performance

The business has a fifty day moving average price of GBX 176.31 and a 200 day moving average price of GBX 179.28. The company has a market capitalization of £8.52 billion, a PE ratio of -1,718.18, a P/E/G ratio of 7.26 and a beta of 0.91.

South32 Increases Dividend

The company also recently disclosed 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%. This is an increase from South32’s previous dividend of $0.00. The ex-dividend date of this dividend was Thursday, September 19th. South32’s dividend payout ratio (DPR) is -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.