South32 Ltd (S32) Given Average Rating of “Hold” by Brokerages

Time:Mon, 02 Apr 2018 06:28:27 +0800

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South32 Ltd (LON:S32) has been assigned an average recommendation of “Hold” from the eight brokerages that are currently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and one has given a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is GBX 179.17 ($2.48).

A number of research firms have commented on S32. Credit Suisse Group upgraded shares of South32 to a “neutral” rating in a research note on Monday, March 19th. Deutsche Bank reiterated a “sell” rating and set a GBX 180 ($2.49) price objective on shares of South32 in a research note on Friday, February 16th. Liberum Capital reiterated a “sell” rating and set a GBX 90 ($1.24) price objective on shares of South32 in a research note on Thursday, February 15th. Macquarie reiterated a “neutral” rating and set a GBX 210 ($2.90) price objective on shares of South32 in a research note on Friday, February 2nd. Finally, Citigroup downgraded shares of South32 to a “neutral” rating and increased their price objective for the company from GBX 210 ($2.90) to GBX 220 ($3.04) in a research note on Thursday, January 18th.

LON S32 opened at GBX 176 ($2.43) on Friday. South32 has a 12 month low of GBX 143.25 ($1.98) and a 12 month high of GBX 236 ($3.26).

The firm also recently announced a dividend, which will be paid on Thursday, April 5th. Shareholders of record on Thursday, March 8th will be issued a dividend of $0.07 per share. This represents a dividend yield of 2.75%. This is a boost from South32’s previous dividend of $0.06. The ex-dividend date is Thursday, March 8th.

About South32

South32 Limited is a metals and mining company. The Company’s segments include Worsley Alumina, which includes an integrated bauxite mine and alumina refinery in Western Australia; South Africa Aluminium, which includes an aluminum smelter in Richards Bay; Brazil Alumina, which includes an alumina refinery in Brazil; Mozal Aluminium, including an aluminum smelter in Mozambique; South Africa Energy Coal, including open-cut and underground energy coal mines and processing operations in South Africa; Illawarra Metallurgical Coal, which includes underground metallurgical coal mines in New South Wales; Australia Manganese, which produces manganese ore in the Northern Territory and manganese alloys in Tasmania; South Africa Manganese, which produces manganese ore and alloy in South Africa; Cerro Matoso, including an integrated laterite ferronickel mining and smelting complex in Colombia, and Cannington, including silver, lead and zinc mine in Queensland.