On August 8, 2024, MACQUARIE RESEARCH upgraded South32 (OTCPK: SHTLF) from Neutral to Outperform. The average one-year price target for South32 is now set at $2.53/share, indicating a potential downside of 2.36% from its last closing price of $2.59/share.
The projected annual revenue for South32 is approximately $8.8 billion, with a non-GAAP EPS forecast of $0.36. Institutional ownership has seen a slight decrease, with 234 funds reporting positions, down 15 or 6.02% from the previous quarter. However, total shares owned by institutions increased by 1.76% to 504,286K shares.
