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An announcement from South32 ( (AU:S32) ) is now available.
South32 Limited has announced an update on its ongoing share buy-back program, revealing the purchase of 556,066 ordinary fully paid securities on the previous day, bringing the total number of securities bought back to 38,210,323. This buy-back initiative reflects South32’s strategy to manage its capital efficiently and return value to shareholders, potentially impacting its market positioning and shareholder confidence.
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 operates in the mining and metals industry, focusing on the extraction and production of commodities such as alumina, aluminum, coal, manganese, nickel, silver, lead, and zinc. The company is known for its global presence and commitment to sustainable practices in resource extraction.
Average Trading Volume: 20,193,830
Technical Sentiment Signal: Buy
Current Market Cap: A$14.96B
Learn more about S32 stock on TipRanks’ Stock Analysis page.