South32 (LON:S32) Stock Price Up 2.1% - Still a Buy?

South32 Limited (LON:S32 - Get Free Report) shares rose 2.1% on Monday . The stock traded as high as GBX 193.40 ($2.53) and last traded at GBX 193.20 ($2.52). Approximately 282,790 shares traded hands during mid-day trading, a decline of 40% from the average daily volume of 473,063 shares. The stock had previously closed at GBX 189.20 ($2.47).

Analysts Set New Price Targets

S32 has been the subject of a number of recent analyst reports. Royal Bank of Canada dropped their target price on shares of South32 from GBX 380 ($4.96) to GBX 370 ($4.83) and set an "outperform" rating for the company in a research report on Friday, August 30th. Citigroup reiterated a "neutral" rating on shares of South32 in a research note on Monday, June 17th. Finally, Canaccord Genuity Group restated a "sell" rating and set a GBX 55 ($0.72) price target on shares of South32 in a research report on Thursday, August 29th.

South32 Trading Down 1.7 %

The stock has a market cap of £8.56 billion, a P/E ratio of -1,756.36, a price-to-earnings-growth ratio of 7.26 and a beta of 0.91. The business's fifty day simple moving average is GBX 164.15 and its 200 day simple moving average is GBX 176.62.

South32 Increases Dividend

The business also recently declared a dividend, which will be paid on Thursday, October 17th. Investors of record on Thursday, September 19th will be issued a $0.03 dividend. The ex-dividend date is Thursday, September 19th. This represents a dividend yield of 1.51%. This is a positive change from South32's previous dividend of $0.00. South32's dividend payout ratio (DPR) is currently -2,727.27%.

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.