In a report released today, from Ord Minnett maintained a Buy rating on South32, with a price target of A$4.00. The company’s shares closed yesterday at p145.00.
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In addition to Ord Minnett, South32 also received a Buy from Morgan Stanley’s Rahul Anand in a report issued today. However, on October 4, TR | OpenAI – 4o 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 p3.19 billion and a net profit of p360 million. In comparison, last year the company earned a revenue of p3.19 billion and had a net profit of p53 million
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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