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An announcement from South32 ( (AU:S32) ) is now available.
South32 Limited has announced an update on its ongoing share buy-back program, revealing that a total of 27,413,431 securities have been bought back prior to the previous day, with an additional 555,588 securities bought back on the previous day. This buy-back initiative is part of the company’s strategy to optimize its capital structure and return value to shareholders, potentially impacting its market positioning by reducing the number of shares outstanding and enhancing shareholder value.
The most recent analyst rating on (AU:S32) stock is a Hold with a A$2.90 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 is a globally diversified mining and metals company. It produces bauxite, alumina, aluminum, energy and metallurgical coal, manganese, nickel, silver, lead, and zinc, with a focus on the extraction and processing of minerals and metals.
Average Trading Volume: 19,889,548
Technical Sentiment Signal: Sell
Current Market Cap: A$11.9B
See more data about S32 stock on TipRanks’ Stock Analysis page.