South32 Ltd (LON:S32)’s share price hit a new 52-week high during trading on Monday . The company traded as high as GBX 201 ($2.67) and last traded at GBX 199.75 ($2.65), with a volume of 4,430,643 shares traded. The stock had previously closed at GBX 192.75 ($2.56).

S32 has been the subject of several research analyst reports. Macquarie reaffirmed an “outperform” rating and set a GBX 156 ($2.07) price target (down previously from GBX 200 ($2.65)) on shares of South32 in a research note on Friday, August 25th. Credit Suisse Group reissued an “outperform” rating and issued a GBX 180 ($2.39) price objective on shares of South32 in a research note on Tuesday, June 27th. Deutsche Bank AG raised their price objective on South32 from GBX 150 ($1.99) to GBX 160 ($2.12) and gave the stock a “hold” rating in a report on Thursday, June 22nd. Citigroup Inc. lowered South32 to a “neutral” rating and decreased their target price for the company from GBX 180 ($2.39) to GBX 170 ($2.25) in a research report on Friday, July 21st. Finally, Jefferies Group LLC lowered South32 to a “hold” rating and decreased their target price for the company from GBX 225 ($2.98) to GBX 170 ($2.25) in a research report on Thursday, June 8th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of GBX 174.73 ($2.32).

The company has a 50-day moving average of GBX 183.06 and a 200-day moving average of GBX 168.46. The stock’s market capitalization is GBX 10.40 billion.

The business also recently declared a dividend, which will be paid on Thursday, October 12th. Shareholders of record on Thursday, September 14th will be given a $0.06 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a yield of 2.78%. This is a positive change from South32’s previous dividend of $0.04.

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South32 Company Profile

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