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South32 ( (AU:S32) ) just unveiled an announcement.
South32 Limited announced an update on its ongoing on-market buy-back program, revealing that a total of 231,784 ordinary fully paid securities were bought back on the previous day, adding to the cumulative total of 30,782,884 securities bought back before that day. This buy-back initiative is part of South32’s strategy to manage its capital structure effectively and potentially enhance shareholder value, reflecting its commitment to returning capital to shareholders and optimizing its balance sheet.
The most recent analyst rating on (AU:S32) stock is a Buy with a A$3.25 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 that produces bauxite, alumina, aluminum, energy and metallurgical coal, manganese, nickel, silver, lead, and zinc. The company operates in various regions and focuses on sustainable development and operational excellence in the mining sector.
Average Trading Volume: 20,483,767
Technical Sentiment Signal: Hold
Current Market Cap: A$12.61B
For detailed information about S32 stock, go to TipRanks’ Stock Analysis page.