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The latest announcement is out from South32 ( (AU:S32) ).
South32 Limited has announced an update on its ongoing on-market buy-back program, revealing that a total of 696,357 ordinary fully paid securities were bought back on the previous day, adding to the 25,623,447 securities bought back before that day. This buy-back initiative is part of the company’s strategy to manage its capital structure and return value to shareholders, which could potentially impact its stock market performance and investor relations.
The most recent analyst rating on (AU:S32) stock is a Hold with a A$3.00 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 a diversified mining and metals company that operates in the resources industry. The company is engaged in the production of commodities such as alumina, aluminum, coal, manganese, nickel, silver, lead, and zinc, with a focus on supplying these materials to global markets.
Average Trading Volume: 19,637,919
Technical Sentiment Signal: Sell
Current Market Cap: A$12.26B
For an in-depth examination of S32 stock, go to TipRanks’ Overview page.