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Morgans Sticks to Their Buy Rating for South32 (S32)

Tipranks - Tipranks - Fri May 8, 6:52PM CDT

Morgans analyst Adrian Prendergast maintained a Buy rating on South32 today and set a price target of A$5.00.

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According to TipRanks, Prendergast is a 5-star analyst with an average return of 19.4% and a 60.28% success rate. Prendergast covers the Energy sector, focusing on stocks such as Amplitude Energy, Woodside Energy Group, and Santos Limited.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for South32 with a p248.53 average price target.

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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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