South32 Ltd (S32) Reaches New 12-Month High at $212.50

South32 Ltd (LON:S32)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 212.50 ($2.80) and last traded at GBX 211.50 ($2.79), with a volume of shares trading hands.

Several equities analysts have recently issued reports on the company. Macquarie reissued a “neutral” rating and issued a GBX 200 ($2.64) price objective on shares of South32 in a report on Friday, October 20th. Jefferies Group LLC boosted their price objective on South32 from GBX 170 ($2.24) to GBX 200 ($2.64) and gave the company a “hold” rating in a report on Friday, August 25th. Deutsche Bank AG reissued a “hold” rating and issued a GBX 170 ($2.24) price objective on shares of South32 in a report on Friday, October 20th. Barclays PLC reissued an “overweight” rating on shares of South32 in a report on Tuesday, October 24th. Finally, HSBC Holdings plc cut South32 to a “hold” rating and decreased their price objective for the company from GBX 190 ($2.51) to GBX 175 ($2.31) in a report on Friday, July 14th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of GBX 175.64 ($2.32).

The business also recently declared a dividend, which was paid on Thursday, October 12th. Shareholders of record on Thursday, September 14th were paid a $0.06 dividend. The ex-dividend date was 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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