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South32 ( (AU:S32) ) just unveiled an update.
South32 Limited has announced an update on its ongoing on-market buy-back program, revealing that a total of 28,763,202 securities have been repurchased prior to the previous day, with an additional 382,991 securities bought back on the most recent day. This buy-back initiative is part of South32’s strategy to optimize its capital structure and deliver value to shareholders, reflecting the company’s confidence in its financial position and future prospects.
The most recent analyst rating on (AU:S32) stock is a Hold with a A$2.85 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 committed to sustainable practices and serves markets worldwide, maintaining a strong presence in the global resources sector.
Average Trading Volume: 20,291,997
Technical Sentiment Signal: Sell
Current Market Cap: A$11.77B
See more insights into S32 stock on TipRanks’ Stock Analysis page.