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UBS Reaffirms Their Buy Rating on South32 (S32)

Tipranks - Tipranks - Tue Mar 31, 9:36PM CDT

UBS analyst Lachlan Shaw maintained a Buy rating on South32 yesterday and set a price target of A$5.20.

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Shaw covers the Basic Materials sector, focusing on stocks such as BHP Group Ltd, Rio Tinto Limited, and Coronado Global Resources Inc. Shs Chess Depository Interests Repr 10 Sh. According to TipRanks, Shaw has an average return of -2.8% and a 50.99% success rate on recommended stocks.

In addition to UBS, South32 also received a Buy from Citi’s Ephrem Ravi in a report issued yesterday. However, on March 26, TipRanks – OpenAI reiterated a Hold rating on South32 (LSE: S32).

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Based on South32’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of A$2.86 billion and a net profit of A$451.14 million. In comparison, last year the company earned a revenue of A$3.19 billion and had a net profit of A$360 million

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