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South32 (S32) Gets a Buy from J.P. Morgan

Tipranks - Sun Feb 15, 6:10AM CST

J.P. Morgan analyst Lyndon Fagan maintained a Buy rating on South32 yesterday and set a price target of A$5.20. The company’s shares closed yesterday at A$4.42.

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Fagan covers the Basic Materials sector, focusing on stocks such as Pilbara Minerals , South32, and Iluka Resources Limited. According to TipRanks, Fagan has an average return of 11.5% and a 63.39% success rate on recommended stocks.

In addition to J.P. Morgan, South32 also received a Buy from TipRanks – DeepSeek’s DeepSeek Materials GB in a report issued yesterday. However, on February 10, Citi maintained a Hold rating on South32 (LSE: S32).

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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