South32 Limited (LON:S32 – Get Free Report)’s stock price fell 2.1% during mid-day trading on Friday . The company traded as low as GBX 160.70 ($2.12) and last traded at GBX 160.70 ($2.12). 124,124 shares traded hands during trading, a decline of 74% from the average session volume of 474,147 shares. The stock had previously closed at GBX 164.10 ($2.17).
Wall Street Analysts Forecast Growth
S32 has been the subject of a number of analyst reports. Royal Bank of Canada dropped their price target on shares of South32 from GBX 380 ($5.02) to GBX 370 ($4.89) and set an “outperform” rating for the company in a research report on Friday, August 30th. Citigroup reiterated a “neutral” rating on shares of South32 in a research report on Monday, June 17th. Finally, Canaccord Genuity Group reissued a “sell” rating and set a GBX 55 ($0.73) target price on shares of South32 in a report on Thursday, August 29th.
Read Our Latest Stock Analysis on S32
South32 Stock Down 2.1 %
South32 Increases Dividend
The firm also recently announced a dividend, which will be paid on Thursday, October 17th. Investors 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 is an increase from South32’s previous dividend of $0.00. This represents a yield of 1.51%. 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.
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