South32 Updates on Market Buy-Back Program

An update from South32 ( (AU:S32) ) is now available.

South32 Limited has announced an update on its ongoing on-market buy-back program, revealing that a total of 373,015 ordinary fully paid securities were bought back on the previous day, adding to the cumulative total of 23,329,926 securities repurchased since the program’s inception. This buy-back initiative is part of South32’s strategy to optimize its capital structure and enhance shareholder value, reflecting its strong financial position and commitment to returning capital to shareholders.

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 aluminum, coal, manganese, nickel, silver, lead, and zinc. The company is known for its global operations and commitment to sustainable practices.

Average Trading Volume: 21,166,341

Technical Sentiment Signal: Sell

Current Market Cap: A$13.67B

Find detailed analytics on S32 stock on TipRanks’ Stock Analysis page.