Citigroup downgraded shares of South32 (LON:S32 – Free Report) to a neutral rating in a research note issued to investors on Tuesday, Marketbeat Ratings reports.
Other equities research analysts have also issued research reports about the stock. Royal Bank of Canada lowered their price target 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) target price on shares of South32 in a research note on Thursday, February 29th.
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South32 Price Performance
South32 Cuts Dividend
The firm also recently announced a dividend, which was paid on Thursday, April 4th. Shareholders of record on Thursday, March 7th were given a dividend of $0.00 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a yield of 0.2%. South32’s payout ratio is presently -2,142.86%.
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.
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