South32 (S32) Upgraded by Credit Suisse Group to “Neutral”

Credit Suisse Group upgraded shares of South32 (LON:S32) to a neutral rating in a research report released on Monday.

Several other analysts have also recently commented on S32. Citigroup upgraded shares of South32 to a buy rating and set a GBX 210 ($2.90) target price for the company in a research report on Tuesday, December 5th. Macquarie reiterated a neutral rating and set a GBX 210 ($2.90) target price on shares of South32 in a research report on Friday, February 2nd. Barclays upped their target price on shares of South32 from GBX 245 ($3.38) to GBX 265 ($3.66) and gave the company an overweight rating in a research report on Monday, January 8th. Deutsche Bank reiterated a sell rating and set a GBX 180 ($2.49) target price on shares of South32 in a research report on Friday, February 16th. Finally, Liberum Capital reiterated a sell rating and set a GBX 90 ($1.24) target price on shares of South32 in a research report on Thursday, February 15th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of GBX 188.56 ($2.61).

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South32 stock traded up GBX 0.30 ($0.00) during mid-day trading on Monday, reaching GBX 181 ($2.50). 1,851,351 shares of the company traded hands, compared to its average volume of 3,660,000. South32 has a 1 year low of GBX 143.25 ($1.98) and a 1 year high of GBX 236 ($3.26).

The firm also recently announced a dividend, which will be paid on Thursday, April 5th. Shareholders of record on Thursday, March 8th will be given a dividend of $0.07 per share. This is a boost from South32’s previous dividend of $0.06. The ex-dividend date is Thursday, March 8th. This represents a dividend yield of 2.75%.

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About South32

South32 Limited is a metals and mining company. The Company’s segments include Worsley Alumina, which includes an integrated bauxite mine and alumina refinery in Western Australia; South Africa Aluminium, which includes an aluminum smelter in Richards Bay; Brazil Alumina, which includes an alumina refinery in Brazil; Mozal Aluminium, including an aluminum smelter in Mozambique; South Africa Energy Coal, including open-cut and underground energy coal mines and processing operations in South Africa; Illawarra Metallurgical Coal, which includes underground metallurgical coal mines in New South Wales; Australia Manganese, which produces manganese ore in the Northern Territory and manganese alloys in Tasmania; South Africa Manganese, which produces manganese ore and alloy in South Africa; Cerro Matoso, including an integrated laterite ferronickel mining and smelting complex in Colombia, and Cannington, including silver, lead and zinc mine in Queensland.

Analyst Recommendations for South32 (LON:S32)

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