South32 Limited (ASX:S32)
Australia · Delayed Price · Currency is AUD 4.510
-0.120 (-2.59%)
Oct 19, 2026, 4:10 PM AEST
South32 Stock Forecast
Stock Price Forecast
According to 13 analysts polled by S&P Global, South32 stock has a consensus rating of "Buy" and an average price target of $5.16. The average 1-year stock price forecast is 14.41% higher than the current stock price, while the lowest is $4.11 (-8.87%) and the highest is $6.09 (+35.03%).
Price Target: $5.16 (+14.41%)
Analyst Consensus: Buy
Price Target
ChartAnalyst Ratings
The average analyst rating for South32 stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | May '26 | Jun '26 | Jul '26 | Aug '26 | Sep '26 | Oct '26 |
|---|---|---|---|---|---|---|
| Strong Buy | 6 | 4 | 4 | 4 | 4 | 4 |
| Buy | 4 | 4 | 4 | 2 | 2 | 1 |
| Hold | 4 | 6 | 5 | 6 | 6 | 8 |
| Sell | 0 | 0 | 0 | 1 | 1 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 14 | 14 | 13 | 13 | 13 | 13 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Barclays | Barclays | Buy Maintains $4.97 | Buy | Maintains | $4.97 | +10.26% | Oct 14, 2026 |
| Morgan Stanley | Morgan Stanley | Hold Downgrades $5.10 → $5.20 | Hold | Downgrades | $5.10 → $5.20 | +15.30% | Oct 12, 2026 |
| Citi | Citi | Buy Maintains $6.00 → $6.10 | Buy | Maintains | $6.00 → $6.10 | +35.25% | Oct 12, 2026 |
| J.P. Morgan | J.P. Morgan | Hold Maintains $5.00 | Hold | Maintains | $5.00 | +10.86% | Oct 2, 2026 |
| Macquarie | Macquarie | Hold Maintains $5.00 | Hold | Maintains | $5.00 | +10.86% | Oct 1, 2026 |
Financial Forecast
Revenue This Year
5.23B
from 5.94B
Decreased by -11.92%
Revenue Next Year
5.56B
from 5.23B
Increased by 6.34%
EPS This Year
0.25
from 0.23
Increased by 9.87%
EPS Next Year
0.21
from 0.25
Decreased by -15.78%
EPS and Forward PE are based on non-GAAP adjusted numbers.