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South32 ( (AU:S32) ) has issued an announcement.
South32 Limited announced a change in the interest of its director, Stephen Pearce, who acquired 100,000 ordinary shares through an on-market purchase on the Australian Securities Exchange. This acquisition increases Pearce’s direct holdings to 100,000 shares, while he also holds 30,000 shares indirectly through a superannuation fund. This move indicates a potential vote of confidence in the company’s future prospects by its director, which could have positive implications for investor sentiment and stakeholder confidence.
The most recent analyst rating on (AU:S32) stock is a Buy with a A$3.20 price target. To see the full list of analyst forecasts on South32 stock, see the AU:S32 Stock Forecast page.
More about South32
South32 Limited is an Australian-based company operating in the mining and metals industry. It focuses on the extraction and production of commodities such as alumina, aluminum, coal, manganese, nickel, silver, lead, and zinc. The company is listed on the Australian Securities Exchange (ASX), Johannesburg Stock Exchange (JSE), and London Stock Exchange (LSE), with a market focus on supplying raw materials to global markets.
YTD Price Performance: -22.64%
Average Trading Volume: 20,183,838
Technical Sentiment Signal: Sell
Current Market Cap: A$11.63B
Learn more about S32 stock on TipRanks’ Stock Analysis page.