Brokerages Set South32 Ltd (S32) Price Target at $179.00

Shares of South32 Ltd (LON:S32) have earned an average rating of “Hold” from the nine research firms that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is GBX 179 ($2.47).

S32 has been the subject of a number of research reports. Liberum Capital restated a “sell” rating and set a GBX 150 ($2.07) target price on shares of South32 in a research report on Friday, November 10th. 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. Deutsche Bank boosted their target price on shares of South32 from GBX 170 ($2.35) to GBX 180 ($2.49) and gave the company a “sell” rating in a research report on Monday, January 15th. Barclays lifted their price objective on shares of South32 from GBX 245 ($3.38) to GBX 265 ($3.66) and gave the company an “overweight” rating in a report on Monday, January 8th. Finally, Macquarie reaffirmed a “neutral” rating and issued a GBX 210 ($2.90) price objective on shares of South32 in a report on Friday, February 2nd.

South32 (S32) traded up GBX 0.80 ($0.01) during midday trading on Wednesday, reaching GBX 182 ($2.51). 5,147,544 shares of the company were exchanged, compared to its average volume of 3,510,000. South32 has a 52 week low of GBX 143.25 ($1.98) and a 52 week high of GBX 236 ($3.26).

The company also recently disclosed a dividend, which will be paid on Thursday, April 5th. Shareholders of record on Thursday, March 8th will be issued a $0.07 dividend. This is a boost from South32’s previous dividend of $0.06. The ex-dividend date of this dividend is Thursday, March 8th. This represents a 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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