South32 (LON:S32) Price Target Raised to GBX 120 at Canaccord Genuity Group

South32 (LON:S32) had its price objective boosted by Canaccord Genuity Group from GBX 115 ($1.48) to GBX 120 ($1.54) in a research note issued to investors on Wednesday, Marketbeat Ratings reports. Canaccord Genuity Group currently has a sell rating on the stock.

Separately, Royal Bank of Canada lowered their price target on South32 from GBX 380 ($4.89) to GBX 370 ($4.76) and set an “outperform” rating on the stock in a report on Friday, August 30th.

South32 Stock Performance

South32 stock opened at GBX 178 ($2.29) on Wednesday. South32 has a 52 week low of GBX 141.50 ($1.82) and a 52 week high of GBX 209.60 ($2.70). The firm has a market capitalization of £8.03 billion, a price-to-earnings ratio of -1,640.00, a P/E/G ratio of 7.26 and a beta of 0.91. The company has a 50 day moving average price of GBX 177.98 and a 200 day moving average price of GBX 179.56.

South32 Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, October 17th. Shareholders of record on Thursday, September 19th were given a $0.03 dividend. This is an increase from South32’s previous dividend of $0.00. The ex-dividend date of this dividend was Thursday, September 19th. This represents a yield of 1.51%. South32’s dividend payout ratio is presently -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.