South32 (LON:S32) Hits New 12-Month Low at $142.70

South32 Ltd (LON:S32) reached a new 52-week low on Thursday . The stock traded as low as GBX 142.70 ($1.86) and last traded at GBX 144.86 ($1.89), with a volume of 2488321 shares changing hands. The stock had previously closed at GBX 156.40 ($2.04).

Several equities analysts have recently weighed in on S32 shares. Barclays restated an “overweight” rating on shares of South32 in a research report on Tuesday, August 13th. UBS Group restated a “buy” rating and issued a GBX 170 ($2.22) target price (down previously from GBX 185 ($2.42)) on shares of South32 in a research report on Friday. HSBC decreased their target price on South32 from GBX 230 ($3.01) to GBX 220 ($2.87) and set a “buy” rating on the stock in a research report on Tuesday, May 28th. Liberum Capital upgraded South32 to a “hold” rating in a research report on Wednesday, July 3rd. Finally, Deutsche Bank restated a “buy” rating on shares of South32 in a research report on Friday. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. South32 has a consensus rating of “Buy” and a consensus price target of GBX 210 ($2.74).

The company has a debt-to-equity ratio of 8.89, a current ratio of 2.02 and a quick ratio of 1.43. The stock has a market cap of $6.68 billion and a price-to-earnings ratio of 17.56. The firm has a fifty day moving average of GBX 165.87 and a 200 day moving average of GBX 185.40.

The business also recently declared a dividend, which will be paid on Thursday, October 10th. Investors of record on Thursday, September 12th will be issued a $0.03 dividend. The ex-dividend date is Thursday, September 12th. This represents a dividend yield of 1.59%. South32’s dividend payout ratio is presently 1.18%.

About South32 (LON:S32)

South32 Limited operates as a diversified metals and mining company primarily in Australia, Southern Africa, and South America. The company has a portfolio of assets producing alumina, aluminum, bauxite, energy and metallurgical coal, manganese ore and alloy, laterite ferronickel, silver, lead, and zinc.

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