0032 GMT - South32's 3Q production was in line with market expectations with the exception of its Cannington mine, Jefferies analyst Mitch Ryan says in a note. "While we expect pricing for sales to remain somewhat volatile with the overhang of tariffs and shifting global supply chains, FX tailwinds and stable operating conditions suggest H2 margins should remain relatively robust," Ryan says. Jefferies has a hold rating and A$3.20 target on the stock, which is down 0.8% at A$2.65. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)
(END) Dow Jones Newswires
April 16, 2025 20:32 ET (00:32 GMT)
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