AngloAmerican Plc : Management (relatively) constructive for 2020. Buy recommendation reiterated
>Organic growth target not called into question at this stage - Management has largely maintained its production guidelines for 2020. Nevertheless, in iron ore (the commodity most affected according to management), Kumba iron ore has marginally revised its production guidance down to 41.5-42.5 Mt (vs 42-43 Mt) reflecting the impact of the coronavirus epidemic while Metallurgical Coal has reduced its forecast (19-21 Mt vs 21-23 Mt) following the roof collapse at the Mo...Anglo American is a global mining company with a portfolio of mining operations and undeveloped resources. Co. is focused on diamonds, copper, platinum group metals (PGMs), and bulk commodities and other minerals. Co.'s segments include: De Beers, which produces rough and polished diamonds; Copper, which produces copper; Platinum, which produces PGMs; Iron Ore and Manganese, which produces iron ore, manganese ore and alloys; Coal, which produces metallurgical coal and thermal coal; and Nickel, which produces nickel.
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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