Brokerages Set South32 Limited (OTCMKTS:SOUHY) PT at $215.00

Shares of South32 Limited (OTCMKTS:SOUHY – Get Rating) have been given a consensus recommendation of “Moderate Buy” by the ten research firms that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $215.00.

Several equities analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft boosted their target price on shares of South32 from GBX 250 ($3.11) to GBX 255 ($3.17) in a report on Thursday, March 30th. The Goldman Sachs Group upgraded shares of South32 from a “neutral” rating to a “buy” rating in a research report on Tuesday, April 11th. Macquarie upgraded shares of South32 from a “neutral” rating to an “outperform” rating in a research report on Tuesday, March 28th. Finally, BNP Paribas upgraded shares of South32 from a “neutral” rating to an “outperform” rating in a report on Monday, February 13th.

South32 Price Performance

SOUHY stock opened at $12.99 on Wednesday. South32 has a one year low of $11.05 and a one year high of $18.64. The company’s fifty day moving average price is $14.00 and its 200-day moving average price is $14.49.

South32 Cuts Dividend

The company also recently declared a dividend, which was paid on Thursday, April 6th. Shareholders of record on Friday, March 10th were given a dividend of $0.215 per share. This represents a dividend yield of 6.63%. The ex-dividend date was Thursday, March 9th.

About South32

(Get Rating)

South32 Ltd. operates as a metal and mining company. It operates through the following segments: Worsley Alumina, Hillside Aluminium, Mozal Aluminium, Brazil Alumina, South Africa Energy Coal, Illawarra Metallurgical Coal, Eagle Downs Metallurgical Coal, Australia Manganese, South Africa Managanese, Cerro Matoso, Cannington, and Hermosa.