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Ord Minnett Keeps Their Buy Rating on South32 (S32)
In a report released today, from Ord Minnett maintained a Buy rating on South32, with a price target of A$4.80.
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In addition to Ord Minnett, South32 also received a Buy from Barclays’s Ian Rossouw CFA in a report issued on April 24. However, on April 14, HSBC maintained a Hold rating on South32 (LSE: S32).
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
Read More on GB:S32:
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- South32 lifts Hermosa Taylor mine life, capex and delays ramp-up to FY31
- South32 balances safety setback with cash generation and Hermosa growth push
- South32 Reports Lapse of Over 1.1 Million Conditional Rights
- South32 Issues 452,944 New Shares on Conversion of Unquoted Securities
- South32 Issues Unquoted Rights Under Employee Incentive Scheme
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