AngloAmerican Plc : Resilient commodity mix offset by production issues, reco cut to Underperform and TP to 2,400p
>Better-driven commodity mix than other big miners offset by production setbacks - After a long period without update, we are reviewing our estimates on Anglo American as the company is going through a difficult financial year 2023 amid sizeable production and cost challenges. Making things worse, most commodities are on a downward trend. Compared to BHP and Rio Tinto, Anglo has much lower exposure to bulks (39% of FY 2023e underlying EBITDA through iron ore, coal an...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.