South32 Limited (LON:S32 – Get Free Report)’s share price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as GBX 164.20 ($2.05) and last traded at GBX 167.20 ($2.09), with a volume of 24536 shares. The stock had previously closed at GBX 168.40 ($2.11).
Analysts Set New Price Targets
Separately, Citigroup reissued a “buy” rating on shares of South32 in a report on Monday, May 22nd.
South32 Stock Performance
South32 Dividend Announcement
The company also recently declared a dividend, which will be paid on Thursday, October 12th. Investors of record on Thursday, September 14th will be given a dividend of $0.03 per share. The ex-dividend date is Thursday, September 14th. This represents a yield of 1.32%. South32’s dividend payout ratio is presently -23,333.33%.
Insider Activity at South32
In related news, insider Graham Kerr sold 56,908 shares of the firm’s stock in a transaction on Monday, August 28th. The shares were sold at an average price of GBX 344 ($4.30), for a total transaction of £195,763.52 ($244,980.00). 0.50% of the stock is owned by company insiders.
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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