Sumitomo Metal Mining (TYO:5713): Price target reduced by 5.35% to 4,911.30

The average price target for Sumitomo Metal Mining (TYO:5713) has been revised to 4,911.30 per share. This represents a decrease of 5.35% from the previous estimate of 5,188.74 from June 1, 2023.

The price target is an average of multiple targets provided by analysts. The latest targets range from a minimum of 3,706.70 to a maximum of 6,300.00 per share. The average price target represents a 3.40% increase from the last reported closing price of 4,750.00 per share.

Sumitomo Metal Mining maintains a dividend yield of 1.14%

At the latest price, the company's dividend yield is 1.14%.

Moreover, the company's dividend payout ratio is 0.09. This ratio indicates what proportion of a company's earnings is distributed as dividends. A payout ratio of one (,0) means that 100% of the company's earnings are paid out as dividends. A ratio above one implies that the company is dipping into its savings to maintain its dividend, which is not a healthy situation. Companies with few growth prospects are expected to distribute most of their earnings as dividends, which typically translates to a payout ratio between 0.5 and 1.0. On the other hand, companies with good growth prospects are expected to retain some of their earnings to invest in those growth opportunities, resulting in a payout ratio between zero and 0.5.

The company's 3-year dividend growth rate is -0.31%.

What is the sentiment of the funds?

There are funds that invest in Sumitomo Metal Mining. This represents a decrease of 1 owner(s) or 0.38% in the last quarter. The average weight in the portfolio of all funds dedicated to 5713 is 0.21%, an increase of 1.16%. The total shares held by institutions increased in the last three months by 3.53% to 28,042,000 shares.

What are other shareholders doing?

An important fund holds 3,129,000 shares, representing 1.14% ownership of the company. In its previous report, the fund declared it owned 3,124,000 shares, which represents an increase of 0.16%. The fund decreased its portfolio allocation by 5,713 by 8.83% during the last quarter.

Another significant fund holds 2,327,000 shares, representing 0.85% ownership of the company. In its previous report, the fund stated it owned 2,426,000 shares, which represents a decrease of 4.27%. The fund reduced its portfolio allocation by 5,713 by 0.84% during the last quarter.

A third relevant fund holds 1,813,000 shares, representing 0.66% ownership of the company. In its previous report, the fund stated it held 1,807,000 shares, reflecting an increase of 0.36%. The fund increased its portfolio allocation by 5,713 by 1.26% during the last quarter.

A fourth fund holds 1,312,000 shares, representing 0.48% ownership of the company. In its previous report, the fund stated it owned 1,309,000 shares, reflecting an increase of 0.21%. The fund reduced its portfolio allocation by 5,713 by 11.02% during the last quarter.

Finally, a fifth fund holds 1,214,000 shares, representing 0.44% ownership of the company. In its previous report, the fund declared holding 1,253,000 shares, representing a decrease of 3.18%. The fund increased its portfolio allocation by 5,713 by 2.02% during the last quarter.