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South32 (S32) Receives a Buy from UBS

Tipranks - Tipranks - Fri Feb 13, 5:38PM CST

In a report released today, Lachlan Shaw from UBS maintained a Buy rating on South32, with a price target of A$5.10.

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Shaw covers the Basic Materials sector, focusing on stocks such as Mineral Resources Limited, Rio Tinto Limited, and Coronado Global Resources Inc. Shs Chess Depository Interests Repr 10 Sh. According to TipRanks, Shaw has an average return of -3.0% and a 50.34% success rate on recommended stocks.

In addition to UBS, South32 also received a Buy from Barclays’s Ian Rossouw CFA in a report issued today. However, on February 10, Citi maintained a Hold rating on South32 (LSE: S32).

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Based on South32’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of A$2.6 billion and a GAAP net loss of A$147.05 million. In comparison, last year the company earned a revenue of A$2.29 billion and had a GAAP net loss of A$256 million

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