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RBC Capital Sticks to Their Buy Rating for South32 (S32)

Tipranks - Fri Mar 13, 9:06PM CDT

RBC Capital analyst Kaan Peker maintained a Buy rating on South32 yesterday and set a price target of A$4.70.

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According to TipRanks, Peker is a 5-star analyst with an average return of 19.1% and a 56.44% success rate. Peker covers the Basic Materials sector, focusing on stocks such as IGO, Rio Tinto Limited, and Sandfire Resources Limited.

In addition to RBC Capital, South32 also received a Buy from UBS’s Lachlan Shaw in a report issued yesterday. However, on March 9, TipRanks – xAI reiterated a Hold rating on South32 (LSE: S32).

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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