South32 ( (AU:S32) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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South32’s stock is experiencing downward pressure due to challenges in securing affordable electricity for its Mozal Aluminium operations. This has led to reduced investment and an anticipated US$372 million impairment in FY25. As a result, the stock has been given a hold rating and a price target, reflecting the company’s cautious strategic planning amid these operational uncertainties.
More about South32
YTD Price Performance: -10.42%
Average Trading Volume: 289,312
Technical Sentiment Signal: Sell
Current Market Cap: £6.62B
For further insights into S32 stock on TipRanks’ Stock Analysis page.
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