Citigroup lowered shares of South32 (LON:S32 – Free Report) to a neutral rating in a research report sent to investors on Tuesday morning, MarketBeat Ratings reports.
Other equities analysts have also issued reports about the stock. Royal Bank of Canada decreased their target price on shares of South32 from GBX 370 ($4.57) to GBX 350 ($4.32) and set an outperform rating on the stock in a report on Wednesday, March 20th. Barclays reiterated an overweight rating and issued a GBX 193 ($2.38) target price on shares of South32 in a report on Thursday, February 29th.
South32 Trading Down 1.3 %
South32 Cuts Dividend
The business also recently declared a dividend, which was paid on Thursday, April 4th. Stockholders of record on Thursday, March 7th were paid a $0.00 dividend. This represents a dividend yield of 0.2%. The ex-dividend date of this dividend was Thursday, March 7th. South32’s dividend payout ratio (DPR) is -2,142.86%.
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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