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

Dow Jones10-21

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)

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Overall, the miner had a reasonable start to FY 2025, he says. ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"S32.AU","symbol_name":"SOUTH32 LTD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2477048604","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2477048604","pubTimestamp":1729467180,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2333 GMT - South32's 1Q result includes some positive and some negative surprises, as usual, says Citi analyst Paul McTaggart in a note. 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