Price Target Review for Toho Zinc: Decrease of 34.62%

The average price target for Toho Zinc (TYO:5707) has been revised to 1,734.00 yen per share, representing a decrease of 34.62% from the previous estimate of 2,652.00 yen as of May 10, 2023.

This price target is an average of several targets provided by analysts. The latest targets range from a minimum of 1,717.00 to a maximum of 1,785.00 yen per share. The average price target represents a 4.65% increase from the last reported closing price of 1,657.00 yen per share.

Dividend Yield of 4.50%

At the most recent price, the company's dividend yield is 4.50%.

In addition, the company's dividend payout ratio is 1.28. This ratio indicates what proportion of a company's earnings is paid out in dividends. A payout ratio above 1.0 means that the company is using its savings to maintain its dividend, which is not a healthy situation.

Sentiment of Investment Funds

There are funds invested in Toho Zinc. This represents a decrease of 1 owner or 2.63% in the last quarter. The average portfolio weight of all funds dedicated to 5707 is 0.02%, a decrease of 10.15%. The total shares held by institutions increased in the last three months by 5.27% to 1.02 million shares.

Other Shareholders' Actions

• A fund holds 222,000 shares, representing 1.64% ownership of the company. No changes in the last quarter.
• Another fund holds 188,000 shares, representing 1.38% ownership. In its previous report, the firm reported owning 169,000 shares, which represents a 9.90% increase.
• A third fund holds 108,000 shares, representing 0.80% ownership. No changes in the last quarter.
• A fourth fund holds 93,000 shares, representing 0.68% ownership. In its previous report, the firm reported holding 81,000 shares, which represents an increase of 13.13%.
• A fifth fund holds 87,000 shares, representing 0.64% ownership. In its previous report, the firm reported holding 88,000 shares, which represents a decrease of 1.73%.

Market Analysis

The significant reduction of 34.62% in the price target for Toho Zinc suggests an important reevaluation of the company's prospects by analysts. This adjustment could reflect changes in the zinc market conditions or specific challenges faced by the company.

The dividend yield of 4.50% is relatively high, which could attract investors looking for income. However, the payout ratio of 1.28 indicates that the company is paying out more in dividends than it earns, which may not be sustainable in the long term if revenues do not improve.

Regarding institutional activity, the slight increase in the total number of shares held by institutions, despite the decrease in the number of owners, suggests that some funds are increasing their positions. This could be interpreted as a sign of confidence by certain institutional investors, despite the downward revision of the price target.