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South32 ( (AU:S32) ) has provided an announcement.
South32 reported steady operational performance with FY26 production guidance unchanged across its operated assets and unit costs tracking at or below guidance, underpinned by higher alumina, aluminium and manganese output and strong contributions from its Sierra Gorda copper operation. The company further streamlined its portfolio by completing the divestment of Cerro Matoso and moving to place the power-constrained Mozal Aluminium smelter into care and maintenance in March 2026, while channeling significant growth capital into the Hermosa Taylor zinc‑lead‑silver and Clark battery-grade manganese projects and advancing its Ambler Metals joint venture in Alaska; at the same time it continued shareholder returns through dividends and buy-backs and reported robust cash distributions from equity-accounted investments, reinforcing its strategic pivot toward base metals growth and long-life assets.
The most recent analyst rating on (AU:S32) stock is a Buy with a A$4.70 price target. To see the full list of analyst forecasts on South32 stock, see the AU:S32 Stock Forecast page.
More about South32
South32 is a diversified mining and metals company focused on base metals and aluminium, with operated and non-operated assets producing alumina, aluminium, manganese, copper, zinc, lead, silver and other by-products. The group is increasingly concentrating its portfolio on large-scale, long-life, high-quality operations and growth projects in base metals, while exiting non-core assets and maintaining capital returns to shareholders.
Average Trading Volume: 18,710,016
Technical Sentiment Signal: Buy
Current Market Cap: A$18.88B
Learn more about S32 stock on TipRanks’ Stock Analysis page.