0027 GMT - South32's portfolio continues to pivot toward base metals, "with Hermosa remaining the core long-term valuation anchor," Jefferies analyst Mitch Ryan says in a note following the miner's FY profit result. South32 missed profit expectations, and its dividend was also a tad light, Ryan notes. FY 2026 guidance also points to higher operating costs across most operations, he says. Jefferies has a hold rating and A$3.10 target on South32. The stock is down 3.1% at A$2.82. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

(END) Dow Jones Newswires

August 27, 2025 20:27 ET (00:27 GMT)

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