BUZZ-Macquarie raises PT for Australia's South32 on improved near-term forecast

Reuters

Oct 22

BUZZ-<a href="https://laohu8.com/S/MQG.AU">Macquarie</a> raises PT for Australia's South32 on improved near-term forecast

** Analysts at Macquarie raise price target for Australia's South32 S32.AX by 7% to A$3; maintain 'neutral' rating

** Macquarie says diversified miner's first quarter production was mixed as alumina, aluminium, copper and manganese exceeded expectations, while zinc missed estimates

** South32 on Tuesday reported Q1 manganese production of 1.4 mln wet metric tons (wmt), more than double the previous year after recovery in operations

** Brokerage upgrades S32's earnings outlook by 4-9% for FY26-FY28

** Adds unlikely power supply agreement at Mozal Aluminium in Mozambique will pose a downside risk to consensus as it could be placed on care and maintenance by March 2026

** Eight out of 16 analysts rate the stock 'hold', five rate 'buy' and three rate 'strong buy'; median PT at A$3.3, according to data compiled by LSEG

** S32 falls 2.9% to A$3.17; down 6.9% YTD

(Reporting by Keshav Singh Chundawat in Bengaluru)

((Keshav.singhchundawat@thomsonreuters.com))

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maintain 'neutral' rating</p><p>** Macquarie says diversified miner's first quarter production was mixed as alumina, aluminium, copper and manganese exceeded expectations, while zinc missed estimates</p><p>** South32 on Tuesday reported <span>Q1 manganese production</span> of 1.4 mln wet metric tons (wmt), more than double the previous year after recovery in operations</p><p>** Brokerage upgrades S32's earnings outlook by 4-9% for FY26-FY28</p><p>** Adds unlikely power supply agreement at Mozal Aluminium in Mozambique will pose a downside risk to consensus as it could be placed on care and maintenance by March 2026</p><p>** Eight out of 16 analysts rate the stock 'hold', five rate 'buy' and three rate 'strong buy'; median PT at A$3.3, according to data compiled by LSEG</p><p>** S32 falls 2.9% to A$3.17; down 6.9% YTD</p><p> (Reporting by Keshav Singh Chundawat in Bengaluru)</p><p> ((Keshav.singhchundawat@thomsonreuters.com))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7095","symbol_name":"多种金属与采矿","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251022:nL6N3W3064:1","article_id":"2577336200","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2577336200","pubTimestamp":1761106200,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"BUZZ-Macquarie raises PT for Australia's South32 on improved near-term forecast** Analysts at Macquarie raise price target for Australia's South32 S32.AX by 7% to A$3; 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median PT at A$3.3, according to data compiled by LSEG** S32 falls 2.9% to A$3.17; down 6.9% YTD (Reporting by Keshav Singh Chundawat in Bengaluru) ((Keshav.singhchundawat@thomsonreuters.com))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}