Citigroup cut shares of South32 (LON:S32 – Free Report) to a neutral rating in a research note issued to investors on Tuesday, Marketbeat reports.
A number of other equities research analysts have also weighed in on S32. Royal Bank of Canada reduced their price objective on shares of South32 from GBX 370 ($4.57) to GBX 350 ($4.32) and set an outperform rating on the stock in a report on Wednesday, March 20th. Barclays restated an overweight rating and issued a GBX 193 ($2.38) price objective on shares of South32 in a report on Thursday, February 29th.
View Our Latest Research Report on S32
South32 Stock Up 1.6 %
South32 Cuts Dividend
The company also recently disclosed a dividend, which was paid on Thursday, April 4th. Stockholders of record on Thursday, March 7th were issued a $0.00 dividend. The ex-dividend date was Thursday, March 7th. This represents a dividend yield of 0.2%. South32’s payout ratio is -2,142.86%.
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.
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