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The latest update is out from South32 ( (AU:S32) ).
South32 Limited has announced an update regarding its ongoing share buy-back program, reporting the acquisition of 644,506 ordinary fully paid securities on the previous day, contributing to a total of 26,768,925 securities bought back to date. This buy-back initiative reflects the company’s strategy to manage its capital structure and potentially enhance shareholder value, indicating a proactive approach in optimizing its financial operations and market positioning.
The most recent analyst rating on (AU:S32) stock is a Hold with a A$2.90 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 aluminum, coal, manganese, nickel, silver, lead, and zinc. The company is involved in the global market, serving various sectors with its diverse range of mineral products.
Average Trading Volume: 19,626,039
Technical Sentiment Signal: Sell
Current Market Cap: A$11.86B
For a thorough assessment of S32 stock, go to TipRanks’ Stock Analysis page.