South32 (LON:S32) Stock Price Down 0.5% - Time to Sell?

South32 Limited (LON:S32 - Get Free Report)'s share price fell 0.5% during trading on Wednesday . The company traded as low as GBX 186.60 ($2.43) and last traded at GBX 189 ($2.46). 526,928 shares were traded during trading, an increase of 13% from the average session volume of 466,010 shares. The stock had previously closed at GBX 190 ($2.47).

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on S32 shares. Canaccord Genuity Group reissued a "sell" rating and set a GBX 55 ($0.72) target price on shares of South32 in a research note on Thursday, August 29th. Royal Bank of Canada lowered their target price on South32 from GBX 380 ($4.95) to GBX 370 ($4.82) and set an "outperform" rating for the company in a research note on Friday, August 30th.

South32 Stock Performance

The stock has a market capitalization of £8.97 billion, a price-to-earnings ratio of -1,718.18, a PEG ratio of 7.26 and a beta of 0.91. The company has a 50 day moving average of GBX 176.31 and a 200 day moving average of GBX 179.28.

South32 Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, October 17th. Shareholders of record on Thursday, September 19th were issued a dividend of $0.03 per share. This represents a yield of 1.51%. This is an increase from South32's previous dividend of $0.00. The ex-dividend date was Thursday, September 19th. South32's payout ratio is -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.