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South32 Limited Updates on Daily Securities Buy-Back

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South32 Limited Updates on Daily Securities Buy-Back

Meet Your ETF AI Analyst

South32 ( (AU:S32) ) has shared an announcement.

South32 Limited has announced a daily update on its ongoing on-market buy-back of ordinary fully paid securities, with a total of 426,404 securities bought back on the previous day. This buy-back initiative, which began in August 2024, reflects the company’s strategy to manage its capital structure and potentially enhance shareholder value.

The most recent analyst rating on (AU:S32) stock is a Hold with a A$3.50 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 operates in the mining and metals industry, focusing on the production of commodities such as aluminum, coal, manganese, nickel, silver, lead, and zinc. The company is engaged in mining operations across several countries, catering to a global market with a diverse range of products.

YTD Price Performance: -1.73%

Average Trading Volume: 21,382,902

Technical Sentiment Signal: Strong Buy

Current Market Cap: A$14.54B

For a thorough assessment of S32 stock, go to TipRanks’ Stock Analysis page.

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