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Citi Keeps Their Buy Rating on South32 (S32)
In a report released today, Ephrem Ravi from Citi maintained a Buy rating on South32, with a price target of A$5.40.
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According to TipRanks, Ravi is a 5-star analyst with an average return of 14.7% and a 61.33% success rate.
In a report released on May 1, UBS also maintained a Buy rating on the stock with a A$4.50 price target.
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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