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Sumitomo Metal Mining Co ( (JP:5713) ) just unveiled an announcement.
Sumitomo Metal Mining Co., Ltd. has completed the repurchase of its own shares, acquiring a total of 396,100 common shares for approximately 1.43 billion yen. This move is part of a broader repurchase plan approved by the Board of Directors, aiming to buy back up to 8.3 million shares, reflecting 3.02% of outstanding shares, with a total budget of 15 billion yen. The completion of this repurchase may impact the company’s stock value and shareholder equity, reflecting its strategic financial management.
The most recent analyst rating on (JP:5713) stock is a Hold with a Yen3566.00 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 metal industry, focusing on the production and sale of non-ferrous metals, including copper and nickel, as well as precious metals. The company is a significant player in the market, leveraging its advanced technologies and extensive resources to maintain a competitive edge.
Average Trading Volume: 1,877,323
Technical Sentiment Signal: Buy
Current Market Cap: Yen1087B
Learn more about 5713 stock on TipRanks’ Stock Analysis page.