Canaccord Genuity Group restated their sell rating on shares of South32 (LON:S32 – Free Report) in a research report report published on Thursday, MarketBeat reports. The brokerage currently has a GBX 55 ($0.73) price target on the stock.
Separately, Citigroup reissued a neutral rating on shares of South32 in a report on Monday, June 17th.
Check Out Our Latest Stock Report on S32
South32 Stock Performance
South32 Increases Dividend
The company also recently declared a dividend, which will be paid on Thursday, October 17th. Stockholders of record on Thursday, September 19th will be given a dividend of $0.03 per share. The ex-dividend date of this dividend is Thursday, September 19th. This represents a dividend yield of 1.51%. This is a positive change from South32’s previous dividend of $0.00. South32’s dividend payout ratio is currently -2,307.69%.
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.
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