South32 (LON:S32) Earns Sell Rating from Canaccord Genuity Group

Canaccord Genuity Group reaffirmed their sell rating on shares of South32 (LON:S32) in a research report sent to investors on Thursday, MarketBeat Ratings reports. They currently have a GBX 55 ($0.73) price target on the stock.

Separately, Citigroup reissued a neutral rating on shares of South32 in a research note on Monday, June 17th.

South32 Price Performance

Shares of S32 stock opened at GBX 160 ($2.11) on Thursday. The firm’s 50-day moving average is GBX 169.07 and its two-hundred day moving average is GBX 172.23. South32 has a 12 month low of GBX 141.50 ($1.87) and a 12 month high of GBX 209.60 ($2.76). The company has a market capitalization of £7.25 billion, a PE ratio of -1,230.77, a price-to-earnings-growth ratio of 18.09 and a beta of 0.93.

South32 Increases Dividend

The business also recently declared 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 represents a dividend yield of 1.51%. This is an increase from South32’s previous dividend of $0.00. The ex-dividend date of this dividend is Thursday, September 19th. South32’s payout ratio is -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.