Shares of South32 Ltd (LON:S32) have been assigned an average rating of “Buy” from the seven ratings firms that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is GBX 223 ($2.91).
A number of analysts have recently weighed in on the stock. Barclays reiterated an “overweight” rating on shares of South32 in a report on Monday, February 25th. HSBC increased their target price on shares of South32 from GBX 220 ($2.87) to GBX 230 ($3.01) and gave the stock a “buy” rating in a report on Friday, February 15th. UBS Group reiterated a “buy” rating on shares of South32 in a report on Friday, January 18th. Deutsche Bank dropped their target price on shares of South32 from GBX 230 ($3.01) to GBX 225 ($2.94) and set a “buy” rating for the company in a report on Friday, January 18th. Finally, Citigroup reiterated a “buy” rating and set a GBX 250 ($3.27) target price on shares of South32 in a report on Monday, December 10th.
South32 stock opened at GBX 202 ($2.64) on Friday. The company has a quick ratio of 1.48, a current ratio of 2.19 and a debt-to-equity ratio of 8.20. The stock has a market cap of $10.28 billion and a PE ratio of 7.35. South32 has a 1-year low of GBX 171.30 ($2.24) and a 1-year high of GBX 236 ($3.08).
The business also recently declared a dividend, which will be paid on Thursday, April 4th. Investors of record on Thursday, March 7th will be paid a $0.07 dividend. This is an increase from South32’s previous dividend of $0.06. This represents a yield of 2.56%. The ex-dividend date of this dividend is Thursday, March 7th. South32’s dividend payout ratio is presently 0.33%.
South32 Company Profile
South32 Limited operates as a diversified metals and mining company primarily in Australia, Southern Africa, and South America. The company has a portfolio of assets producing alumina, aluminum, bauxite, energy and metallurgical coal, manganese ore and alloy, laterite ferronickel, silver, lead, and zinc.
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