Jefferies analyst Mitch Ryan upgraded South32 to a Buy today and set a price target of A$3.20. The company’s shares opened today at p141.98.
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According to TipRanks, Ryan is a 4-star analyst with an average return of 11.7% and a 64.95% success rate. Ryan covers the Basic Materials sector, focusing on stocks such as Lynas Rare Earths , Northern Star Resources Ltd, and IGO.
Currently, the analyst consensus on South32 is a Moderate Buy with an average price target of p156.11.
The company has a one-year high of p199.90 and a one-year low of p117.00. Currently, South32 has an average volume of 328.6K.
Based on the recent corporate insider activity of 11 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of S32 in relation to earlier this year.
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