AngloAmerican Plc : New estimates still at risk and M&A scenario too unlikely at this stage, we downgrade to Neutral
>A decent 2023 despite coal and copper - The share lost 19% on Friday after an update in which Anglo made a drastic downward revision to its production targets for the coming year. This sanction was justified, in our view, by the magnitude of the current difficulties. After having steered clear of the share for most of the year, we had become more positive on 3 November due to the marked improvement in operational performance and a more attractive commodity mix with t...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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