Is S32 stock a buy right now?
South32 Limited (S32) currently trades around A$2.83 on the ASX, with an impressive average daily volume of approximately 24.3 million shares, underscoring considerable market interest among both institutional and retail investors. While the stock has faced a notable decline over the past year, recent financial results highlight resilience: a strong net cash position (US$252 million), double-digit production growth in key commodities, and a substantial 25% lift in revenue year-on-year. Key developments, such as environmental approvals for the Worsley development and Hermosa project progress, point to long-term sustainability and strategic expansion. Although South32 is trading below its 50-day and 200-day moving averages, technical signals—like the oversold RSI (29.52)—indicate a potential for positive momentum ahead. Moreover, ongoing dividend returns (yielding 3.63%, fully-franked) remain attractive for investors seeking income alongside potential capital gains. The consensus target price of A$3.69, as determined by over 33 national and international banks, suggests a constructive outlook even within the current cautiously neutral sentiment. In a sector where disciplined capital management and project execution drive value, South32’s diversified approach and operational recovery efforts warrant close attention from forward-looking investors.
- Diversified portfolio across aluminum, manganese, nickel, silver, lead, and zinc.
- Strong balance sheet with a net cash position of US$252 million as of March 2025.
- Attractive fully-franked dividend yield of 3.63%, appealing to income-focused investors.
- Progressing major projects like Hermosa and Worsley enhances long-term growth prospects.
- Technical indicators suggest the stock is oversold and may be primed for recovery.
- Recent operational issues at Cannington have reduced short-term production guidance.
- Mozal Aluminium faces energy supply negotiation risks post-March 2026.
- What is S32?
- How much is S32 stock?
- Our full analysis on S32 </b>stock
- How to buy S32 stock in Australia?
- Our 7 tips for buying S32 stock
- The latest news about S32
- FAQ
Why trust HelloSafe?
At HelloSafe, our expert has been monitoring S32’s performance for over three years. Every month, hundreds of thousands of Australians rely on us to interpret market trends and pinpoint top investment opportunities. Our analysis is provided solely for informational purposes and does not constitute investment advice. In line with our ethical charter, we have never been, and never will be, compensated by S32.
What is S32?
| Indicator | Value | Analysis |
|---|---|---|
| 🏳️ Nationality | Australia | Headquartered in Perth, reflecting solid Australian mining heritage and regulatory environment. |
| 💼 Market | Australian Securities Exchange (ASX) | Listed on ASX, providing strong liquidity and domestic investor access. |
| 🏛️ ISIN code | AU000000S320 | Unique identifier for South32, allowing international trading and transparent ownership. |
| 👤 CEO | Graham Kerr | Long-serving CEO, brings continuity and experienced leadership to South32’s strategy. |
| 🏢 Market cap | A$12.8 billion | Mid-sized miner; recent price declines have lowered market value but upside potential exists. |
| 📈 Revenue | US$3.12 billion (H1 FY25) | Revenue jumped 25% year-on-year, driven by higher aluminum and copper production. |
| 💹 EBITDA | US$1 billion (H1 FY25) | EBITDA up 44%, highlighting effective cost control and operational improvements. |
| 📊 P/E Ratio | 52.79 | Very high P/E suggests low near-term earnings or high future growth expectations. |
How much is S32 stock?
The price of S32 stock is rising this week. As of now, South32 shares are trading at A$2.83, marking a 24-hour gain of +A$0.09 (+3.28%), though the weekly change remains slightly negative at -2.1%.
The company holds a market capitalisation of A$12.8 billion, with an average daily volume over the past three months of 24.3 million shares.
| Valuation Metric | Value |
|---|---|
| P/E Ratio | 52.79 |
| Dividend Yield | 3.63% |
| Beta | 0.76 |
With these dynamics, S32 may appeal to investors seeking a steady defensive profile amid ongoing market shifts.
Check out the best brokers in Australia!Compare brokersOur full analysis on S32 stock
After a comprehensive review of South32 Limited’s (S32) latest financial results and a thorough assessment of its share price evolution over the past three years, we have synthesised multiple streams of analysis—spanning core financial metrics, technical signals, peer benchmarking, and contemporaneous market trends—using our proprietary analytic models. The findings present a multifaceted scenario of resilience and renewed potential positioning. So, why might S32 stock once again become a strategic entry point into the global resources sector in 2025?
Recent Performance and Market Context
Despite a significant correction over the past year, with S32 shedding approximately 23.4%, the conversation has shifted as recent momentum signals a possible inflection point. On 3 May 2025, S32 closed at A$2.83, marking a solid 3.3% gain on the day and suggesting the initial stages of stabilisation. Over the week prior, the stock was marginally down by 2.1%, yet it remains notably resilient, trading on a robust average daily volume of 24.3 million shares.
Crucially, the broader macroeconomic environment is proving increasingly beneficial to diversified miners. Improvements in global commodity demand, especially in industrial metals such as aluminium, manganese, and copper—where S32 is strongly positioned—are offering tailwinds as global infrastructure and decarbonization projects accelerate. Within this context, S32’s diversified asset base across Australia, Southern Africa, and the Americas acts as a risk-mitigator, allowing it to benefit from regional upswings while dampening volatility from single commodity or jurisdictional shocks.
Additionally, positive recent events have reignited interest for investors:
- Strong interim results: Revenue climbed 25% YoY in H1 FY25, with EBITDA up 44%.
- Major project approvals: Environmental greenlights for the Worsley Mine sustain long-term visibility.
- Progress on key growth projects: The Hermosa zinc-lead-silver project and Australia Manganese recovery are advancing towards key milestones.
Against a cautiously optimistic consensus and a well-supported dividend yield, these elements justify renewed scrutiny from investors seeking value reset by last year’s decline.
Technical Analysis
S32’s technical profile is especially compelling for bulls willing to act ahead of a full trend reversal. Key technical signals include:
- RSI (14-day) at 29.5: This reading places S32 in the oversold zone, historically a precursor to potential rebounds for quality names.
- MACD at 0.013: Suggests a nascent bullish divergence, hinting that bearish sentiment may be exhausting.
- Support & resistance: The stock has held above its critical support at A$2.72 (recent daily low). Next resistance lies at A$3.09, coincident with the 200-day moving average, presenting a near-term technical target.
Notably, S32 trades below its 50-day (A$3.44) and 200-day (A$3.41) moving averages—a classic bearish structure. However, such conditions, when combined with a deeply oversold RSI and growing positive divergence versus MACD, characteristically signal the later innings of a corrective phase and a brewing upside reversal. The current chart structure provides an appealing technical risk/reward profile, especially for investors anticipating a cyclical recovery in mining exposures.
Fundamental Analysis
From a fundamental standpoint, S32 stands out for its financial resilience and operational progress:
- Revenue and profit growth: H1 FY25 revenue surged by 25% to US$3.12 billion, supporting a strong EBITDA margin expansion (+44% YoY).
- Profit after tax: Jumped to US$360 million, up from just US$53 million in the previous first half—demonstrating improving cost discipline and volume advantages, particularly as aluminium and copper production have accelerated.
- Attractive dividend yield: Currently pays 3.63%, fully franked—offering a compelling income stream, which is especially valuable in volatile markets.
While the trailing P/E ratio of 52.79 appears stretched, this valuation reflects market anticipation of a return to normalized levels of profitability as operational headwinds subside, larger projects ramp up, and commodity markets tighten. The company’s proactive cost management, projected to strip US$30 million in support costs by FY26, further underwrites margin recovery.
Moreover, S32 benefits from:
- Diversity of revenue streams: Across aluminium, manganese, copper, nickel, zinc, silver, and lead.
- Stable leadership and governance: Experienced management led by CEO Graham Kerr, continuously focused on capital discipline and shareholder returns.
- Strategic capital allocation: Ongoing buy-backs, continuing through September 2025, and robust net cash position of US$252 million provide flexibility for further expansion, M&A activity, or enhanced shareholder returns.
These attributes combine with a healthy balance sheet to justify an optimistic near- and medium-term outlook, despite current valuation concerns which appear increasingly backward-looking.
Volume and Liquidity
S32 commands exceptional liquidity and investor engagement:
- Sustained volumes: The three-month average daily volume of 24.3 million shares signals deep participation and ease of execution for institutional and retail investors alike.
- Favourable float: With 4.6 billion shares outstanding, the company maintains a market capitalisation of A$12.8 billion—a sufficiently broad base to attract large-scale capital flows and underpin dynamic price discovery.
- Market confidence: High, consistent trading volumes are typically interpreted as a vote of confidence in both the stock’s investability and the company’s ability to weather sector cycles.
Such liquidity means S32 shares can re-rate quickly in response to positive catalysts, enhancing its appeal for those seeking responsive price action without excessive slippage or execution risk.
Catalysts and Positive Outlook
Looking forward, several clear catalysts underpin the case for renewed upside in S32:
- Hermosa Project development: Construction on the Taylor deposit continues apace, offering medium-term growth with the prospect of first production significantly broadening S32’s exposure to strategic, future-facing metals.
- Recovery in Australia Manganese: Following weather-related disruptions, full normalization of export sales is slated for the June 2025 quarter, providing an immediate volume uplift.
- Cost savings: Streamlining group functions by FY26 will deliver incremental operational leverage, expected to flow directly to the bottom line.
- Ongoing buy-back program: With US$158 million yet to be returned by September 2025, ongoing share repurchases support per-share value and offer tactical downside protection.
Furthermore, S32 is well-placed to benefit from structural trends such as:
- Rising metals demand for electrification and renewables: Critical minerals from projects like Hermosa are invaluable for global battery and energy storage demand.
- ESG initiatives: Recent environmental project approvals enhance S32’s appeal to ESG-focused capital, which is increasingly influential in the mining investment landscape.
- Potential regulatory support: Australian government initiatives promoting critical minerals and supply security.
These catalysts may collectively drive a re-rating as execution risk recedes and broader commodity market conditions improve.
Investment Strategies
Given current positioning and outlook, S32 offers a range of potential entry opportunities:
- Short-term:
- The oversold technical setup (RSI
- Average daily volume ensures that tactical positions can be entered and exited efficiently.
- Medium-term:
- Recovery in manganese and new project milestones at Hermosa throughout FY25/FY26 offer multiple positive catalysts, while cost-out programs wait in the wings to drive operating leverage.
- Participation during this consolidation phase could capture the earnings inflection as project delivery materialises and sentiment turns.
- Long-term:
- S32’s cross-commodity diversification, robust balance sheet, and positioning in key future metals align with multi-year investment thematics.
- Continued buy-backs and fully-franked dividends provide attractive total return potential.
- Exposure to quality Australian resources at a lower historical valuation, with implied 30% upside to the consensus target (A$3.69), presents a compelling set-up for investors with a long-term orientation.
Across all horizons, entering near current multi-year lows or ahead of key project catalysts seems to represent an excellent opportunity, balancing measured downside risk against notable upside potential.
Is It the Right Time to Buy S32?
S32’s investment thesis today is driven by a combination of near-term technical appeal, robust underlying fundamentals, compelling catalysts, and a market environment that increasingly values exposure to diversified future-facing minerals. Its current valuation, following material underperformance, stands well below consensus targets, offering what appears to be meaningful upside should execution deliver as anticipated.
- Operational momentum is turning, with significant improvements across revenue, EBITDA, and project approvals.
- A healthy, cash-rich balance sheet underpins resilience and strategic flexibility.
- Major catalysts—ranging from project ramp-ups (Hermosa), production normalization (Australia Manganese), and substantial capital returns—are set to play out over the coming quarters.
With technical signals pointing to a potential bullish reversal and market positioning close to medium-term lows, the current configuration justifies renewed interest. For investors seeking exposure to quality Australian resources, with global diversification and strengthening financials, S32 stock may well be entering a new bullish phase.
In sum, S32 seems to represent an excellent opportunity for investors looking to benefit from sector recovery, robust cash flows, and the burgeoning thematic of future-critical metals—making it a stock worthy of serious consideration as a strategic portfolio holding for 2025 and beyond.
How to buy S32 stock in Australia?
Buying S32 (South32 Limited) shares online is both straightforward and secure, thanks to Australia’s regulated brokers. Investors can choose between two main methods: spot (or “cash”) buying, providing direct ownership, or trading Contracts for Difference (CFDs), which allow for leveraged and flexible exposure. Both options are accessible via trusted platforms that protect your funds and personal data under strict ASIC regulation. Selecting the right investment method depends on your goals and appetite for risk, and it’s always wise to compare brokers—a detailed comparison is available further down the page.
Spot buying
Spot buying, sometimes called “cash buying,” means purchasing actual S32 shares on the ASX and becoming a registered owner. This entitles you to dividends (fully franked for Australians) and the benefit of any price increase. Australian brokers typically charge a fixed commission per trade, often between A$5–A$15, depending on the platform.
Informations importantes
Example:
Suppose S32 shares are trading at A$2.83. With a $1,000 investment (and allowing for a brokerage fee of about $5), you could buy around 351 shares ($995 ÷ $2.83 ≈ 351 shares).
Gain scenario:
If the share price rises by 10%, your shares are now worth $1,100.
Result: +A$100 gross gain—+10% on your initial investment (excluding taxes and potential selling fees).
Trading via CFD
CFD trading lets you speculate on S32's price movements without owning the underlying shares. Instead, you enter a contract with the broker reflecting the difference between the purchase and sale price. CFDs offer leverage, so you can access greater market exposure with a smaller initial deposit. Fees typically involve the bid/ask spread and overnight financing costs for positions held beyond a trading day.
Informations importantes
Example:
You open a CFD position on S32 shares with $1,000 and use 5x leverage. This gives you exposure to $5,000 worth of S32 shares.
Gain scenario:
If the price rises by 8%, your position gains 8% × 5 = 40%.
Result: +A$400 gain on your $1,000 stake (before deducting spreads and overnight fees). Remember, losses are also magnified.
Final advice
Before investing in S32 or any ASX-listed stock, be sure to compare brokers' fees, platform features, and account conditions—these can vary and affect your overall return. Your choice between spot buying and CFDs should match your investment horizon, risk tolerance, and experience. Take your time to explore our in-depth broker comparison further down the page, and invest with confidence in the method best suited for your financial goals.
Is AvaTrade reliable?
AvaTrade is a trusted broker, regulated by major institutions, including ASIC (Australia). They are also regulated by the Central Bank of Ireland, the AMF in France, and the FSA (Japan). Active since 2006, it offers solid guarantees, including the separation of client funds and strict compliance with international standards. With over 300,000 active users, it inspires confidence in both novice and experienced traders.
Why choose AvaTrade?
AvaTrade combines simplicity and expertise. Tutorials, demo accounts and free training help you learn at your own pace. Advanced tools like MT4/MT5 offer endless possibilities once you progress. You don't need to be an expert: AvaTrade adapts to you.
What are the fees at AvaTrade?
AvaTrade offers simple and affordable fees: competitive fixed spreads, no deposit or withdrawal fees, and avoidable inactivity costs with regular use. You can focus on learning and your investments, without any surprises when you pay.
Who is AvaTrade for?
AvaTrade is for everyone: beginners can benefit from detailed educational content and demo accounts, while advanced traders will find tools like automated trading or Vanilla options. If you're looking for a reliable platform to develop your skills or diversify your assets, AvaTrade is a great choice.
Is AvaTrade reliable?
AvaTrade is a trusted broker, regulated by major institutions, including ASIC (Australia). They are also regulated by the Central Bank of Ireland, the AMF in France, and the FSA (Japan). Active since 2006, it offers solid guarantees, including the separation of client funds and strict compliance with international standards. With over 300,000 active users, it inspires confidence in both novice and experienced traders.
Why choose AvaTrade?
AvaTrade combines simplicity and expertise. Tutorials, demo accounts and free training help you learn at your own pace. Advanced tools like MT4/MT5 offer endless possibilities once you progress. You don't need to be an expert: AvaTrade adapts to you.
What are the fees at AvaTrade?
AvaTrade offers simple and affordable fees: competitive fixed spreads, no deposit or withdrawal fees, and avoidable inactivity costs with regular use. You can focus on learning and your investments, without any surprises when you pay.
Who is AvaTrade for?
AvaTrade is for everyone: beginners can benefit from detailed educational content and demo accounts, while advanced traders will find tools like automated trading or Vanilla options. If you're looking for a reliable platform to develop your skills or diversify your assets, AvaTrade is a great choice.
Is IG reliable?
IG is a trustworthy trading platform, regulated by top authorities such as the CFTC and NFA in the United States, ensuring your funds are secure. It has strong measures in place to protect users and guarantees complete transparency. Thousands of clients worldwide vouch for its reliability and security.
Why choose IG?
IG stands out with its user-friendly interface, making it perfect for beginners. It offers unique tools like IG Academy and ProRealTime for learning and market analysis. The platform provides access to a wide range of assets, including stocks, ETFs, and cryptocurrencies, along with a strong community for trading discussions.
What are the fees at IG?
IG offers competitive spreads with no commissions on buying stocks or ETFs. Withdrawal fees are transparent, and inactivity fees apply after one year without activity. The platform maintains a clear pricing structure, allowing users to easily understand all costs related to their transactions.
Who is IG for?
IG is perfect for beginner and intermediate traders due to its simple interface and educational resources. It also caters to experienced investors with advanced trading tools. Users have access to a wide variety of assets like stocks, cryptocurrencies, and ETFs, making it suitable for diversifying portfolios.
Is IG reliable?
IG is a trustworthy trading platform, regulated by top authorities such as the CFTC and NFA in the United States, ensuring your funds are secure. It has strong measures in place to protect users and guarantees complete transparency. Thousands of clients worldwide vouch for its reliability and security.
Why choose IG?
IG stands out with its user-friendly interface, making it perfect for beginners. It offers unique tools like IG Academy and ProRealTime for learning and market analysis. The platform provides access to a wide range of assets, including stocks, ETFs, and cryptocurrencies, along with a strong community for trading discussions.
What are the fees at IG?
IG offers competitive spreads with no commissions on buying stocks or ETFs. Withdrawal fees are transparent, and inactivity fees apply after one year without activity. The platform maintains a clear pricing structure, allowing users to easily understand all costs related to their transactions.
Who is IG for?
IG is perfect for beginner and intermediate traders due to its simple interface and educational resources. It also caters to experienced investors with advanced trading tools. Users have access to a wide variety of assets like stocks, cryptocurrencies, and ETFs, making it suitable for diversifying portfolios.
Is eToro reliable?
Yes, eToro is a reliable platform, regulated by leading authorities, including ASIC (Australia). It is also regulated by the FCA (UK) and CySEC (Europe). With over 30 million users worldwide, eToro is widely recognised for its security and transparency. Based on our analysis, this broker is among the most reliable in the market, and we have not found any complaints regarding the security of funds.
Why choose eToro?
With eToro, you don’t need to be an expert to get started. Its intuitive interface and unique tool, the CopyTrader, allow you to copy the best traders to learn while investing.
You have access to thousands of assets, such as stocks, cryptos, Forex and commodities, all with an active community for exchanging ideas: eToro makes investing simple, interactive and educational. It's a bit like the Spotify of investing.
What are the fees at eToro?
eToro is transparent about its fees: no commission on the purchase of stocks or ETFs. Spreads vary depending on the asset, but remain very affordable.
Deposits are free, and withdrawals are set at $5 USD. In the event that you remain inactive for 12 months or more, a $10 USD monthly fee applies.
Finally, the fees charged are also clearly stated on its website (we can't say the same about all competitors).
Who is eToro for?
eToro is mainly for beginners and intermediates, thanks to its simplicity and educational approach. If you want to diversify your portfolio or learn by observing the best traders, this platform is ideal.
Investors looking for a modern and intuitive experience will also find their account here with a key argument: a real variety of assets (stocks, cryptocurrencies, ETFs).
Is eToro reliable?
Yes, eToro is a reliable platform, regulated by leading authorities, including ASIC (Australia). It is also regulated by the FCA (UK) and CySEC (Europe). With over 30 million users worldwide, eToro is widely recognised for its security and transparency. Based on our analysis, this broker is among the most reliable in the market, and we have not found any complaints regarding the security of funds.
Why choose eToro?
With eToro, you don’t need to be an expert to get started. Its intuitive interface and unique tool, the CopyTrader, allow you to copy the best traders to learn while investing.
You have access to thousands of assets, such as stocks, cryptos, Forex and commodities, all with an active community for exchanging ideas: eToro makes investing simple, interactive and educational. It's a bit like the Spotify of investing.
What are the fees at eToro?
eToro is transparent about its fees: no commission on the purchase of stocks or ETFs. Spreads vary depending on the asset, but remain very affordable.
Deposits are free, and withdrawals are set at $5 USD. In the event that you remain inactive for 12 months or more, a $10 USD monthly fee applies.
Finally, the fees charged are also clearly stated on its website (we can't say the same about all competitors).
Who is eToro for?
eToro is mainly for beginners and intermediates, thanks to its simplicity and educational approach. If you want to diversify your portfolio or learn by observing the best traders, this platform is ideal.
Investors looking for a modern and intuitive experience will also find their account here with a key argument: a real variety of assets (stocks, cryptocurrencies, ETFs).
Our 7 tips for buying S32 stock
| 📊 Step | 📝 Specific tip for S32 |
|---|---|
| Analyze the market | Assess South32’s position among Australian miners, noting recent operational improvements, project developments, and an attractive dividend yield. |
| Choose the right trading platform | Pick an established Australian broker that offers access to the ASX, supports S32 trades, and allows for dividend reinvestment to optimise returns. |
| Define your investment budget | Determine a comfortable amount to invest in S32, balancing its recent price decline against your risk tolerance and ensuring your portfolio stays diversified. |
| Choose a strategy (short or long term) | Consider a long-term strategy to benefit from S32’s ongoing project pipeline, cost management focus, and potential for share price recovery. |
| Monitor news and financial results | Regularly follow S32’s quarterly reports, major project updates (like Hermosa or Worsley), and key announcements affecting production or costs. |
| Use risk management tools | Utilise stop-loss or take-profit orders on your platform to help protect your position and manage S32’s exposure to commodity price volatility. |
| Sell at the right time | Plan exits around technical levels (such as resistance at $3.09) or after positive project milestones, and be ready to adjust for market sentiment shifts. |
The latest news about S32
South32 has begun development of the Worsley Mine Project after securing environmental approvals, bolstering long-term Australian production. The company confirmed this milestone within the past week, with expectations that production will remain sustained at least through the 2036 financial year. This development not only enhances local employment and regional economic activity in Western Australia but also strengthens South32’s strategic domestic supply of alumina—an asset critical for Australia’s manufacturing sector and export markets.
Australia Manganese operations are set to return to full capacity in June 2025, marking a swift recovery post-Tropical Cyclone Megan. After a period of supply disruptions earlier in the year, South32 has announced that export sales will resume from its key Australian manganese assets in the upcoming quarter. This rapid operational restoration is an encouraging sign for stakeholders, underpinning earnings stability and demonstrating the resilience of infrastructure against extreme weather, a persistent concern in the Australian mining sector.
South32’s latest financial results reveal robust year-on-year earnings growth and a strong net cash position. For the half-year to March 2025, revenue grew by 25% to US$3.12 billion and EBITDA jumped 44% year-over-year, while net cash rose to US$252 million, including a US$299 million increase in the quarter. These figures underscore the financial health of South32 and provide a cushion for ongoing investment in growth projects and continued capital returns for shareholders through fully-franked dividends, which remain attractive for Australian investors due to tax benefits.
Technical market signals suggest South32 stock is currently oversold, presenting a potential rebound opportunity for value-seeking investors. The 14-day RSI has dropped to 29.52—a level commonly interpreted as indicating oversold conditions—while the MACD has begun to turn positive. Although the share price is still below its 50-day and 200-day moving averages, the technical setup may attract local investors searching for entry points, especially amid a cautiously neutral market consensus and a consensus target price implying roughly 30% upside.
Shareholder returns remain a key priority, as evidenced by ongoing share buy-backs and the recent payment of fully-franked interim dividends. South32 reaffirmed that US$158 million remains to be returned to shareholders by September 2025 through buy-backs, and in April, distributed a US$154 million interim dividend. These capital management initiatives, together with predictable dividend flows—fully-franked for favorable Australian tax treatment—reinforce the company’s commitment to delivering value for domestic investors even as the broader mining sector faces ongoing volatility.
FAQ
What is the latest dividend for S32 stock?
The latest dividend for S32 stock was an interim ordinary dividend of US$154 million paid after the end of the March 2025 quarter. Based on current prices, the dividend yield is around 3.63%, and dividends are typically fully-franked, which benefits Australian investors with tax credits. South32 has a history of ongoing payments, reflecting a commitment to shareholder returns even through market cycles.
What is the forecast for S32 stock in 2025, 2026, and 2027?
Forecasts using the current share price of A$2.83 project S32 stock at approximately A$3.68 by the end of 2025, A$4.25 by the end of 2026, and A$5.66 at the end of 2027. As global demand for metals increases, especially from energy transition sectors, South32’s diversified commodity portfolio and active projects could support its growth trajectory.
Should I sell my S32 shares?
Based on its fundamentals and market position, holding onto S32 shares could be worthwhile for long-term investors. The company shows strategic resilience, a solid net cash position, and continues to invest in growth and cost management. Its diversified exposure to key metals and ongoing capital returns program provide a stable outlook, particularly as the stock may be oversold and poised for recovery.
How are dividends from S32 stock taxed in Australia?
Dividends from S32 stock are generally fully-franked, meaning they come with franking credits that can offset your Australian tax liability. Australian investors may effectively lower or eliminate tax on these dividends depending on their personal tax rate. There is no additional withholding tax for local residents, making S32’s dividends a tax-efficient income source for Australians.
What is the latest dividend for S32 stock?
The latest dividend for S32 stock was an interim ordinary dividend of US$154 million paid after the end of the March 2025 quarter. Based on current prices, the dividend yield is around 3.63%, and dividends are typically fully-franked, which benefits Australian investors with tax credits. South32 has a history of ongoing payments, reflecting a commitment to shareholder returns even through market cycles.
What is the forecast for S32 stock in 2025, 2026, and 2027?
Forecasts using the current share price of A$2.83 project S32 stock at approximately A$3.68 by the end of 2025, A$4.25 by the end of 2026, and A$5.66 at the end of 2027. As global demand for metals increases, especially from energy transition sectors, South32’s diversified commodity portfolio and active projects could support its growth trajectory.
Should I sell my S32 shares?
Based on its fundamentals and market position, holding onto S32 shares could be worthwhile for long-term investors. The company shows strategic resilience, a solid net cash position, and continues to invest in growth and cost management. Its diversified exposure to key metals and ongoing capital returns program provide a stable outlook, particularly as the stock may be oversold and poised for recovery.
How are dividends from S32 stock taxed in Australia?
Dividends from S32 stock are generally fully-franked, meaning they come with franking credits that can offset your Australian tax liability. Australian investors may effectively lower or eliminate tax on these dividends depending on their personal tax rate. There is no additional withholding tax for local residents, making S32’s dividends a tax-efficient income source for Australians.
