AMG : Upping estimates and price target plus preview Q2 23
>Upping estimates and raising price target to €57.5 per share - We have updated our estimates at the end of the quarter, as we usually do. We raise our 2023 sales estimate by 16% with our EBITDA estimate increasing by 1%. The impact on EBITDA seems modest given the recent uptick in lithium carbonate price (from a trough of c. $25,000/mt to $39,400 roughly currently) but that is due to contract structures, lower tantalum and vanadium prices and a delay in Cambridge II....AMG Advanced Metaurgical Group NV is a holding company. Through its subsidiaries Co. creates and applies metallurgical solutions to the global trend of sustainable development of natural resources and CO2 reduction. Co. operates in three business segments: the Advanced Materials segment is engaged in the production of specialty metals and alloys; the Engineering Systems segement consists of proprietary technologies for the design and engineering of vacuum furnaces and related equipment used in the production and treatment of metals and alloys; and the Graphit Kropfmuhl's segment extracts, processes and refines natural crystalline graphite
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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