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The latest update is out from South32 ( (AU:S32) ).
South32 Limited has announced an update regarding its ongoing on-market buy-back program, with a daily buy-back notification revealing the repurchase of 939,708 ordinary fully paid securities on the previous day. This buy-back strategy is part of the company’s efforts to manage its capital structure and return value to shareholders, reflecting a proactive approach to enhancing shareholder value in the competitive mining sector.
The most recent analyst rating on (AU:S32) stock is a Buy with a A$1.65 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 involved in the production of commodities such as aluminum, coal, manganese, nickel, silver, lead, and zinc. The company operates in various regions and focuses on sustainable development and operational excellence in the mining industry.
Average Trading Volume: 21,787,806
Technical Sentiment Signal: Buy
Current Market Cap: A$14.09B
For an in-depth examination of S32 stock, go to TipRanks’ Overview page.