South32 Should Go for Growth, Says New Bull -- Market Talk

Dow Jones
Mar 31

2240 GMT [Dow Jones]--As South32 gears up for a new CEO, the miner's focus should be executing its growth projects well rather than any strategic shift or portfolio "tinkering," Citi analyst Ephrem Ravi says. The company has "options galore" to grow and strong execution "is the need of the hour," says Ravi. Citi reckons South32 could double its copper-equivalent volumes in a decade, mainly in copper and zinc. The bank upgrades the stock to buy from neutral. It raises its target to A$5.40 from A$5.00. South32 ended Monday at A$4.41. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

 

(END) Dow Jones Newswires

March 30, 2026 18:42 ET (22:42 GMT)

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