South32 (LON:S32 – Free Report) had its target price cut by Royal Bank of Canada from GBX 380 ($5.00) to GBX 370 ($4.87) in a research report sent to investors on Friday morning, MarketBeat Ratings reports. They currently have an outperform rating on the stock.
Other equities research analysts have also issued reports about the stock. Canaccord Genuity Group reissued a sell rating and set a GBX 55 ($0.72) target price on shares of South32 in a report on Thursday, August 29th. Citigroup reaffirmed a neutral rating on shares of South32 in a research note on Monday, June 17th.
View Our Latest Stock Report on S32
South32 Price Performance
South32 Increases Dividend
The company also recently disclosed a dividend, which will be paid on Thursday, October 17th. Stockholders of record on Thursday, September 19th will be paid a $0.03 dividend. This is a positive change from South32’s previous dividend of $0.00. This represents a dividend yield of 1.51%. The ex-dividend date is Thursday, September 19th. South32’s dividend payout ratio is currently -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.
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