South32 (LON:S32) Share Price Crosses Above 50-Day Moving Average of $222.64

South32 Limited (LON:S32Get Rating) passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 222.64 ($2.62) and traded as high as GBX 246.50 ($2.90). South32 shares last traded at GBX 237 ($2.78), with a volume of 491,205 shares trading hands.

Wall Street Analyst Weigh In

S32 has been the subject of a number of analyst reports. Barclays reduced their price target on South32 from GBX 193 ($2.27) to GBX 170 ($2.00) and set an “underweight” rating for the company in a research report on Friday, October 21st. Citigroup reaffirmed a “neutral” rating and issued a GBX 270 ($3.17) price target on shares of South32 in a report on Tuesday, September 13th.

South32 Stock Performance

The stock has a market cap of £10.34 billion and a price-to-earnings ratio of 474.00. The firm has a fifty day simple moving average of GBX 222.64 and a 200 day simple moving average of GBX 233.99. The company has a current ratio of 2.24, a quick ratio of 1.69 and a debt-to-equity ratio of 16.95.

South32 Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, October 13th. Stockholders of record on Thursday, September 15th were paid a $0.17 dividend. This is a positive change from South32’s previous dividend of $0.09. This represents a dividend yield of 5.77%. The ex-dividend date was Thursday, September 15th. South32’s dividend payout ratio is currently 24.09%.

Insider Activity

In other South32 news, insider Xiaoling Liu purchased 6,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 27th. The shares were acquired at an average cost of GBX 377 ($4.43) per share, for a total transaction of £22,620 ($26,580.49).

South32 Company Profile

(Get Rating)

South32 Limited operates as a diversified metals and mining company in Australia, Southern Africa, North America, and South America. 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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