Canaccord Genuity Group Boosts South32 (LON:S32) Price Target to GBX 120

South32 (LON:S32) had its price target boosted by Canaccord Genuity Group from GBX 115 ($1.45) to GBX 120 ($1.51) in a research report report published on Wednesday, Marketbeat reports. They currently have a sell rating on the stock.

Separately, Royal Bank of Canada decreased their target price on shares of South32 from GBX 380 ($4.79) to GBX 370 ($4.66) and set an “outperform” rating on the stock in a research report on Friday, August 30th.

South32 Price Performance

Shares of LON S32 opened at GBX 185.40 ($2.34) on Wednesday. The stock has a market capitalization of £8.36 billion, a P/E ratio of -1,685.45, a PEG ratio of 7.26 and a beta of 0.91. South32 has a one year low of GBX 141.50 ($1.78) and a one year high of GBX 209.60 ($2.64). The firm’s 50 day simple moving average is GBX 179.53 and its two-hundred day simple moving average is GBX 179.70.

South32 Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, October 17th. Stockholders of record on Thursday, September 19th were issued a $0.03 dividend. This is a boost from South32’s previous dividend of $0.00. The ex-dividend date was Thursday, September 19th. This represents a dividend yield of 1.51%. South32’s dividend payout ratio (DPR) is currently -2,727.27%.

About South32

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.