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South32 ( (AU:S32) ) has issued an update.
South32 Limited has announced an update to its ongoing on-market buy-back program, with a total of 39,344,887 securities bought back before the previous day and an additional 471,617 securities acquired on the previous day. This buy-back initiative is part of the company’s strategy to optimize its capital structure and enhance shareholder value, reflecting a proactive approach in managing its financial resources and market positioning.
The most recent analyst rating on (AU:S32) stock is a Buy with a A$3.70 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, primarily involved in the extraction and production of commodities such as alumina, aluminum, coal, manganese, nickel, silver, lead, and zinc. The company focuses on operating in various markets across the world, aiming to deliver sustainable growth and value to its stakeholders.
Average Trading Volume: 20,106,386
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$15.27B
For a thorough assessment of S32 stock, go to TipRanks’ Stock Analysis page.