ANGLO AMERICAN : UBS confirms its buy recommendation on the stock
' Anglo is looking to simplify its portfolio... we consider diamonds and nickel to be strategically less important. The copper price remains the main short-term catalyst... said UBS.
The mining company has stated its intention to reduce production by around 4% in 2024, then by around 3% the following year, before an expected recovery of around 4% in 2026.
'The cuts are more aggressive than expected, but we still believe the risk/reward ratio is attractive...' said the analyst firm.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.
Go to the original article.
Contact us to request a correction