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South32 (S32) Gets a Buy from Citi
In a report released today, Ephrem Ravi from Citi maintained a Buy rating on South32, with a price target of A$6.10.
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According to TipRanks, Ravi is a 5-star analyst with an average return of 15.6% and a 62.40% success rate.
In a report released on June 3, RBC Capital also maintained a Buy rating on the stock with a A$4.60 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 price target raised to 320 GBp from 300 GBp at Citi
- South32 price target raised to 300 GBp from 280 GBp at Citi
- South32 outlines strategy update ahead of global metals conference
- South32 lifts Hermosa Taylor mine life, capex and delays ramp-up to FY31
- South32 balances safety setback with cash generation and Hermosa growth push
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