South32 1Q Production Result Mixed But Reasonable -- Market Talk

Dow Jones
2024/10/21

2333 GMT - South32's 1Q result includes some positive and some negative surprises, as usual, says Citi analyst Paul McTaggart in a note. Overall, the miner had a reasonable start to FY 2025, he says. Versus Citi's expectations, manganese, copper and aluminum production is better than anticipated, with silver and zinc a miss, says McTaggart. "Disappointingly," working capital increased by roughly US$150 million, he adds. Citi has a buy rating and A$3.90/share. South32 is up 0.1% at A$3.705/share. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

 

(END) Dow Jones Newswires

October 20, 2024 19:33 ET (23:33 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

应版权方要求,你需要登录查看该内容

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10