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Sumitomo Metal Mining Co ( (JP:5713) ) just unveiled an announcement.
Sumitomo Metal Mining Co., Ltd. has announced a decision by its Board of Directors to repurchase up to 8.3 million of its own shares, representing 3.02% of outstanding shares, for a total of up to 15 billion yen. This move is part of the company’s 3-Year Business Plan 2027, aimed at enhancing shareholder returns and improving capital efficiency, potentially strengthening its market position and delivering value to stakeholders.
More about Sumitomo Metal Mining Co
Sumitomo Metal Mining Co., Ltd. operates in the mining and metal industry, focusing primarily on the production and sale of non-ferrous metals. The company is known for its involvement in the extraction and processing of metals such as copper, nickel, and gold, and it plays a significant role in the global metal market.
YTD Price Performance: -11.46%
Average Trading Volume: 2,478,608
Technical Sentiment Signal: Sell
Current Market Cap: Yen865.5B
See more data about 5713 stock on TipRanks’ Stock Analysis page.