S32.AX - South32 Limited

ASX - ASX Delayed Price. Currency in AUD
2.7800
-0.0600 (-2.11%)
At close: 4:10PM AEDT
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Previous Close2.8400
Open2.8500
Bid2.7700 x 0
Ask2.7800 x 0
Day's Range2.7650 - 2.8500
52 Week Range2.3600 - 3.9900
Volume9,910,891
Avg. Volume18,392,851
Market Cap13.621B
Beta (5Y Monthly)1.26
PE Ratio (TTM)36.58
EPS (TTM)0.0760
Earnings DateFeb 13, 2020
Forward Dividend & Yield0.08 (2.88%)
Ex-Dividend DateSep 12, 2019
1y Target Est2.76
  • A Look At The Fair Value Of South32 Limited (ASX:S32)
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    A Look At The Fair Value Of South32 Limited (ASX:S32)

    Today we'll do a simple run through of a valuation method used to estimate the attractiveness of South32 Limited...

  • Reuters

    Australia's South32 to partner with Canadian metal explorer for Alaska project

    South32 said it has exercised its option to acquire a 50% stake in the joint venture company that will own Upper Kobuk Mineral Project located in the Ambler mining district in Alaska. The company said the move follows a successful exploration partnership with Trilogy and will help the Australian miner expand its portfolio in North America by adding high-quality copper and base metals development options.

  • South32 and Trilogy Metals to form Upper Kobuk Mineral Projects Joint Venture
    PR Newswire

    South32 and Trilogy Metals to form Upper Kobuk Mineral Projects Joint Venture

    South32 Limited (ASX, LSE, JSE: S32; ADR: SOUHY) ("South32") and Trilogy Metals Inc. (TSX, NYSE American: TMQ) ("Trilogy Metals") announced today that South32 has exercised its option to acquire a 50% interest in a joint venture company ("Joint Venture") that will own the Upper Kobuk Mineral Projects ("UKMP") located in northwest Alaska. Trilogy Metals will contribute all of its assets associated with the UKMP and South32 will contribute US$145 million to the Joint Venture. Establishment of the Joint Venture is expected to occur in February 2020 and follows an initial exploration partnership between South32 and Trilogy Metals over three field seasons to advance both parties' geological understanding of the UKMP.

  • Thomson Reuters StreetEvents

    Edited Transcript of S32.AX earnings conference call or presentation 14-Feb-19 10:59am GMT

    Half Year 2019 South32 Ltd Earnings Presentation - Pre-Recorded

  • Evaluating South32 Limited’s (ASX:S32) Investments In Its Business
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    Evaluating South32 Limited’s (ASX:S32) Investments In Its Business

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  • Bloomberg

    BHP’s New Boss Shows Mining Is Still Nervous

    (Bloomberg Opinion) -- When times are good, focus on the top line and the bottom line will look after itself. When times are bad, you should do the reverse.That looks a lot like the strategy the world’s biggest miner, BHP Group, has followed over the years in appointing its chief executive officers. The question the resources sector should ask in looking at Thursday’s appointment of Mike Henry to succeed Andrew Mackenzie is whether his focus is the top line, or the bottom.Henry has spent the last three years as the operations chief for BHP’s Australian assets, where he’s focused on improving efficiency and bringing down costs — resolutely bottom-line work. The bulk of his experience, however, is in the top-line marketing side of the business — finding ways to get the best possible prices for the minerals BHP digs and pumps. That resume harks back to Mackenzie’s predecessor.With an upswing in prices for its key commodities of iron ore, coal and oil under way in 2007, BHP appointed Marius Kloppers, a South African veteran of its manganese business, to the chief executive role. Kloppers pushed hard to shift the pricing of first manganese, and then iron ore and coal, toward spot markets that more closely track supply and demand.That helped BHP and its competitors extract additional revenues from their customers as spot prices surged in the years before and after the 2008 financial crisis — but when the market started to turn six years later, the emphasis started to look misplaced. After the demand growth that had supported the capital spending boom of the Kloppers era started to ebb, BHP's operations looked bloated and wasteful.Mackenzie, with a background running petrochemicals for BP Plc and mines for Rio Tinto Group and BHP, was brought in as an operational wizard to fix the rot. He slimmed down the business, spun off the less attractive assets as South32 Ltd., and reduced expenditure to a level that could survive in the new, leaner environment.At first blush, Henry looks like a swing of the pendulum from Mackenzie’s operations focus back to Kloppers’ marketing background.He sold first coal, then energy and freight and petroleum for BHP before being appointed as Kloppers’ marketing president and then chief marketing officer in 2010. Only after Mackenzie took over the top job and Henry was entering the frame as a potential eventual successor was he shifted over to round out his experience on the operations side.There’s reason to think that a more bullish focus is finally due. The resources sector has never really climbed out of the slump it entered around 2014, but the S&P 500 breaks new records on a daily basis. Forecasters could be underestimating the potential of a strong economic rebound in 2020, according to Goldman Sachs Group Inc. Bloomberg’s indexes of energy and industrial metals are still at subdued levels, but the run-up in iron ore prices this year put Australia & New Zealand Banking Group Ltd.’s index of bulk materials such as iron and coal at its highest level since 2013. That should be good news for BHP, since its share price tends to track that benchmark closely.At the same time, it seems to have been as much Henry’s recent experience managing mines that’s recommended him for the top job. He’s been responsible for rolling out autonomous trucks at the Jimblebar iron ore mine in northwest Australia and for setting up operations centers in Perth and Brisbane to run the company’s iron and coal mines remotely. Costs of late have been sharply lower in both divisions, although those for Queensland coal are creeping back up.If anything, it’s a sign of how things have changed for the mining industry that even scions of the marketing business like Henry have turned into born-again operations experts. BHP still has Elliott Management Corp. hanging around as a major shareholder. While its activist campaign will have been quiet for almost two years by the time Henry assumes the top job in January, it remains a constraint on any chief executive in a bullish mood.More to the point, a stronger outlook for the U.S. economy isn’t the medicine that can revive BHP’s boom years. China still consumes about half of almost every major mined commodity and accounted for about 55% of BHP’s revenue last year — and all the evidence is that the economy there is slowing. BHP’s key commodities could be heading for an even rougher patch if China’s car market continues to crater and its still-buoyant conditions in real estate fall to more normal levels.Should that be the case, the pendulum won’t be swinging back from the bean-counters to the marketers. If anything, it will have further to go in the other direction.To contact the author of this story: David Fickling at dfickling@bloomberg.netTo contact the editor responsible for this story: Matthew Brooker at mbrooker1@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.David Fickling is a Bloomberg Opinion columnist covering commodities, as well as industrial and consumer companies. He has been a reporter for Bloomberg News, Dow Jones, the Wall Street Journal, the Financial Times and the Guardian.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • Have Insiders Been Buying South32 Limited (ASX:S32) Shares This Year?
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    Have Insiders Been Buying South32 Limited (ASX:S32) Shares This Year?

    We often see insiders buying up shares in companies that perform well over the long term. On the other hand, we'd be...

  • Our Take On South32 Limited's (ASX:S32) CEO Salary
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    Our Take On South32 Limited's (ASX:S32) CEO Salary

    Graham Kerr has been the CEO of South32 Limited (ASX:S32) since 2014. This report will, first, examine the CEO...

  • If You Had Bought South32 (ASX:S32) Stock A Year Ago, You'd Be Sitting On A 33% Loss, Today
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    If You Had Bought South32 (ASX:S32) Stock A Year Ago, You'd Be Sitting On A 33% Loss, Today

    The simplest way to benefit from a rising market is to buy an index fund. While individual stocks can be big winners...

  • Thomson Reuters StreetEvents

    Edited Transcript of S32.AX earnings conference call or presentation 22-Aug-19 8:00am GMT

    Full Year 2019 South32 Ltd Earnings Call (UK and South African Investors)

  • Don't Sell South32 Limited (ASX:S32) Before You Read This
    Simply Wall St.

    Don't Sell South32 Limited (ASX:S32) Before You Read This

    The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). We'll look at South32...

  • Thomson Reuters StreetEvents

    Edited Transcript of S32.AX earnings conference call or presentation 21-Aug-19 10:30pm GMT

    Full Year 2019 South32 Ltd Earnings Presentation

  • South32 Limited (ASX:S32) Delivered A Weaker ROE Than Its Industry
    Simply Wall St.

    South32 Limited (ASX:S32) Delivered A Weaker ROE Than Its Industry

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  • Reuters

    UPDATE 2-Profit slumps at Australia's South32 as trade war hits aluminium prices

    Australian miner South32 Ltd reported a bigger-than-expected 25% drop in annual profit as the trade war between China and the United States hurt aluminium prices, sending its shares lower by as much as 5.8% on Thursday. South32 also said it was in talks to sell its South Africa thermal coal business to Johannesburg-based Seriti Resources, the latest company to get out of energy coal at a time when investor pressure and climate change concerns are prompting businesses to limit their exposure to fossil fuels.

  • We Think South32 (ASX:S32) Can Stay On Top Of Its Debt
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    We Think South32 (ASX:S32) Can Stay On Top Of Its Debt

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  • Are Investors Undervaluing South32 Limited (ASX:S32) By 22%?
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    Are Investors Undervaluing South32 Limited (ASX:S32) By 22%?

    In this article we are going to estimate the intrinsic value of South32 Limited (ASX:S32) by taking the foreast future...

  • Thomson Reuters StreetEvents

    Edited Transcript of S32.AX earnings conference call or presentation 14-Feb-19 8:30am GMT

    Half Year 2019 South32 Ltd Earnings Call (UK and South Africa Investors)

  • Thomson Reuters StreetEvents

    Edited Transcript of S32.AX earnings conference call or presentation 14-Feb-19 12:00am GMT

    Half Year 2019 South32 Ltd Earnings Call (Australian Investors)

  • Does South32 (ASX:S32) Deserve A Spot On Your Watchlist?
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    Does South32 (ASX:S32) Deserve A Spot On Your Watchlist?

    Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...