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UBS Sticks to Their Buy Rating for South32 (S32)

Tipranks - Tipranks - Thu Mar 12, 8:18PM CDT

In a report released today, Lachlan Shaw from UBS maintained a Buy rating on South32, with a price target of A$5.20.

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According to TipRanks, Shaw is an analyst with an average return of -2.5% and a 51.01% success rate. Shaw covers the Basic Materials sector, focusing on stocks such as Coronado Global Resources Inc. Shs Chess Depository Interests Repr 10 Sh, Rio Tinto Limited, and South32.

In addition to UBS, South32 also received a Buy from TipRanks – Google’s Google Materials GB in a report issued on March 9. However, on the same day, TipRanks – OpenAI reiterated a Hold rating on South32 (LSE: S32).

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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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