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South32 ( (AU:S32) ) has issued an update.
South32 Limited has announced an update on its ongoing on-market buy-back program, with a total of 336,990 ordinary fully paid securities bought back on the previous day, bringing the total to 36,543,689 securities repurchased. This buy-back initiative is part of South32’s strategy to manage its capital structure and return value to shareholders, potentially impacting its market positioning and shareholder relations.
The most recent analyst rating on (AU:S32) stock is a Buy with a A$3.45 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 extraction and production of commodities such as aluminum, coal, manganese, nickel, silver, lead, and zinc. The company operates globally, focusing on the development and management of natural resources to meet the demands of various industries.
Average Trading Volume: 20,215,052
Technical Sentiment Signal: Buy
Current Market Cap: A$13.99B
Learn more about S32 stock on TipRanks’ Stock Analysis page.