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An announcement from Sumitomo Metal Mining Co ( (JP:5713) ) is now available.
Sumitomo Metal Mining Co., Ltd. announced the repurchase of 1,547,400 of its own common shares for approximately 5 billion yen, as part of a broader plan to buy back up to 8.3 million shares by September 2025. This move is likely aimed at enhancing shareholder value and optimizing the company’s capital structure, reflecting a strategic approach to bolster its market positioning.
The most recent analyst rating on (JP:5713) stock is a Buy with a Yen4800.00 price target. To see the full list of analyst forecasts on Sumitomo Metal Mining Co stock, see the JP:5713 Stock Forecast page.
More about Sumitomo Metal Mining Co
Sumitomo Metal Mining Co., Ltd. operates in the mining and smelting industry, focusing on the production of non-ferrous metals such as copper, nickel, and gold. The company is a significant player in the global market, providing essential materials for various industrial applications.
YTD Price Performance: -6.71%
Average Trading Volume: 2,470,352
Technical Sentiment Signal: Sell
Current Market Cap: Yen912B
See more data about 5713 stock on TipRanks’ Stock Analysis page.