BUZZ-Australian miner South32's Q2 output beats Citi, Jefferies expectations

Reuters

Jan 21, 2025

** Analysts at Jefferies and Citi says diversified miner South32's S32.AX Q2 production results beat their estimates

** Jefferies says co's alumina production for the quarter beat their estimates by 6% while aluminium production beat estimates by 3.4%

** Jefferies reiterates "hold" rating; gives PT A$3.40

** However, Jefferies says manganese and nickel commodity headwinds are likely to drive portfolio resets over the course of CY25

** Citi raises FY25 EBITDA expectations by 9%; gives PT of A$3.90 and keeps "Neutral" rating

** Analysts on average rate the stock "buy"; their median PT is A$4.0 – LSEG data

** Stock rose over 2% in 2024

(Reporting by John Biju in Bengaluru)

((John.Biju@thomsonreuters.com;))

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gives PT A$3.40</p><p>** However, Jefferies says manganese and nickel commodity headwinds are likely to drive portfolio resets over the course of CY25</p><p>** Citi raises FY25 EBITDA expectations by 9%; gives PT of A$3.90 and keeps \"Neutral\" rating</p><p>** Analysts on average rate the stock \"buy\"; their median PT is A$4.0 – LSEG data</p><p>** Stock rose over 2% in 2024</p><p> (Reporting by John Biju in Bengaluru)</p><p> ((John.Biju@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:20250120:nL3N3OG0X0:1","article_id":"2505123154","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2505123154","pubTimestamp":1737398408,"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-Australian miner South32's Q2 output beats Citi, Jefferies expectations** Analysts at Jefferies and Citi says diversified miner South32's S32.AX Q2 production results beat their estimates** Jefferies says co's alumina production for the quarter beat their estimates by 6% while aluminium production beat estimates by 3.4%** Jefferies reiterates \"hold\" rating; gives PT A$3.40** However, Jefferies says manganese and nickel commodity headwinds are likely to drive portfolio resets over the course of CY25** Citi raises FY25 EBITDA expectations by 9%; gives PT of A$3.90 and keeps \"Neutral\" rating** Analysts on average rate the stock \"buy\"; their median PT is A$4.0 – LSEG data** Stock rose over 2% in 2024  ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7095":"多种金属与采矿","BK7507":"资源股","S32.AU":"SOUTH32 LTD"},"translate_title":"BUZZ-澳大利亚矿业公司South32第二季度产量超出花旗、杰富瑞预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"S32.AU":0.9},"content_text":"BUZZ-Australian miner South32's Q2 output beats Citi, Jefferies expectations** Analysts at Jefferies and Citi says diversified miner South32's S32.AX Q2 production results beat their estimates** Jefferies says co's alumina production for the quarter beat their estimates by 6% while aluminium production beat estimates by 3.4%** Jefferies reiterates \"hold\" rating; gives PT A$3.40** However, Jefferies says manganese and nickel commodity headwinds are likely to drive portfolio resets over the course of CY25** Citi raises FY25 EBITDA expectations by 9%; gives PT of A$3.90 and keeps \"Neutral\" rating** Analysts on average rate the stock \"buy\"; their median PT is A$4.0 – LSEG data** Stock rose over 2% in 2024 (Reporting by John Biju in Bengaluru) ((John.Biju@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":1,"need_auth":false,"code":"91000000","status":"200"}}}