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South32 (S32) Receives a Buy from Macquarie
In a report released today, Robert Stein from Macquarie maintained a Buy rating on South32, with a price target of A$4.80.
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Stein covers the Basic Materials sector, focusing on stocks such as BHP Group Ltd, Fortescue Metals Group Ltd, and IGO. According to TipRanks, Stein has an average return of 7.0% and a 56.42% success rate on recommended stocks.
In addition to Macquarie, South32 also received a Buy from TipRanks – DeepSeek’s DeepSeek Materials GB in a report issued yesterday. However, on February 6, TipRanks – OpenAI reiterated a Hold rating on South32 (LSE: S32).
S32 market cap is currently A$19.73B and has a P/E ratio of 49.55.
Read More on GB:S32:
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- South32 upgraded to Buy from Neutral at UBS
- South32 Holds Firm on FY26 Guidance as It Accelerates Base Metals Growth and Streamlines Portfolio
- South32 Sets Out Key 2026 Dates for Results, Dividends and AGM
- South32 Reports Lapse of 715,626 Conditional Rights to Securities
- South32 Issues 276,656 New Shares on Conversion of Unquoted Securities
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