S32 1.72% $3.55 south32 limited

S32 price target cut!, page-7

  1. 923 Posts.
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    I agree, the Share Price is in danger of dropping from the $3- into the $2- range and Citi has a target of $4.60 !! Just bizarre, even obviously in this downward market, the Analysts seem to be in another world.

    Mind you, I agree with a number of comments above that this is good buying around these levels. At this price, (and P/E) I can afford to keep building up, and my goal is to accumulate a good solid overall stake.

    Even if the SP drops a bit more in the short term I am willing to bet that one day these will hit $4- again. If it takes a while, I will have the dividendsin the interim to keep me warm.

    Serious question - is there a better value stock priced around $3.08 in the Aust market atm ?

    GLTH
 
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