South32 (LON:S32) Lowered to Neutral at Citigroup

Citigroup lowered shares of South32 (LON:S32 - Free Report) to a neutral rating in a research note published on Tuesday morning, Marketbeat.com reports.

Several other research analysts have also recently issued reports on the stock. Royal Bank of Canada reduced their target price on shares of South32 from GBX 370 ($4.57) to GBX 350 ($4.32) and set an outperform rating for the company in a report on Wednesday, March 20th. Barclays reaffirmed an overweight rating and issued a GBX 193 ($2.38) price objective on shares of South32 in a report on Thursday, February 29th.

South32 Stock Performance

Shares of South32 stock traded down GBX 4.20 ($0.05) during trading on Tuesday, hitting GBX 171.10 ($2.11). 589,072 shares of the company's stock were exchanged, compared to its average volume of 571,710. The business has a 50-day simple moving average of GBX 156.89 and a 200-day simple moving average of GBX 165.81. South32 has a 52-week low of GBX 143.40 ($1.77) and a 52-week high of GBX 225.50 ($2.79). The stock has a market capitalization of £7.75 billion, a price-to-earnings ratio of -1,222.14, a PEG ratio of 4.40 and a beta of 0.92.

South32 Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, April 4th. Shareholders of record on Thursday, March 7th were issued a $0.00 dividend. The ex-dividend date was Thursday, March 7th. This represents a yield of 0.2%. South32's payout ratio is -2,142.86%.

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.