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South32 ( (AU:S32) ) has shared an announcement.
South32 Limited has announced an update regarding its ongoing on-market buy-back program, with a total of 328,428 ordinary fully paid securities bought back on the previous day, adding to a cumulative total of 24,574,159 securities repurchased. This buy-back initiative is part of the company’s strategy to optimize its capital structure and return value to shareholders, potentially enhancing its market position and shareholder confidence.
The most recent analyst rating on (AU:S32) stock is a Hold with a A$1.90 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 extraction and production of commodities such as alumina, aluminum, coal, manganese, nickel, silver, lead, and zinc. The company serves a global market with a diversified portfolio of mining operations across several continents.
Average Trading Volume: 21,457,678
Technical Sentiment Signal: Sell
Current Market Cap: A$13.49B
Learn more about S32 stock on TipRanks’ Stock Analysis page.