Deutsche Bank restated their sell rating on shares of South32 (LON:S32) in a research report released on Friday morning.
S32 has been the topic of a number of other research reports. Citigroup increased their price objective on shares of South32 from GBX 190 ($2.63) to GBX 200 ($2.76) and gave the stock a neutral rating in a research note on Friday, November 17th. Liberum Capital reiterated a sell rating and issued a GBX 90 ($1.24) price objective on shares of South32 in a research note on Thursday. Credit Suisse Group reiterated an outperform rating and issued a GBX 180 ($2.49) price objective on shares of South32 in a research note on Wednesday, November 15th. Jefferies Group reiterated a hold rating and issued a GBX 200 ($2.76) price objective on shares of South32 in a research note on Thursday, October 19th. Finally, Barclays reiterated an overweight rating on shares of South32 in a research note on Thursday, January 18th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of GBX 188.20 ($2.60).
Shares of South32 (LON S32) opened at GBX 189.30 ($2.62) on Friday. South32 has a 52 week low of GBX 143.25 ($1.98) and a 52 week high of GBX 236 ($3.26).
The company also recently declared a dividend, which will be paid on Thursday, April 5th. Investors of record on Thursday, March 8th will be issued a dividend of $0.07 per share. The ex-dividend date is Thursday, March 8th. This is an increase from South32’s previous dividend of $0.06. This represents a yield of 2.75%.
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South32 Limited is a metals and mining company. The Company’s segments include Worsley Alumina, which includes an integrated bauxite mine and alumina refinery in Western Australia; South Africa Aluminium, which includes an aluminum smelter in Richards Bay; Brazil Alumina, which includes an alumina refinery in Brazil; Mozal Aluminium, including an aluminum smelter in Mozambique; South Africa Energy Coal, including open-cut and underground energy coal mines and processing operations in South Africa; Illawarra Metallurgical Coal, which includes underground metallurgical coal mines in New South Wales; Australia Manganese, which produces manganese ore in the Northern Territory and manganese alloys in Tasmania; South Africa Manganese, which produces manganese ore and alloy in South Africa; Cerro Matoso, including an integrated laterite ferronickel mining and smelting complex in Colombia, and Cannington, including silver, lead and zinc mine in Queensland.
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