SEK106.1 4.1 4.0%
Last Trade - 16/04/21
Market Cap | £6.78bn |
Enterprise Value | £7.19bn |
Revenue | £1.48bn |
Position in Universe | 113th / 1831 |
** Goldman Sachs expects compelling sector backdrop for metals and mining in 2021, adding that pandemic represents a structural shift ** It names sustained demand growth in China, broadly tight commodity supply, supportive monetary policies, rising inflation expectations, and weakening dollar supporting high commodity prices as key reasons for remaining bullish on the sector ** GS continues to view the sector as undervalued, and prefers exposure to copper, iron ore, platinum group metals (PGMs) and steels, while being more cautious on zinc and aluminium ** It ups Anglo American AAL.L to "buy" from "neutral", providing deep dive on PGMs, while cutting Glencore GLEN.L to "neutral" from "buy" following outperformance and thermal coal recovery ** GS keeps "buy" on Lundin Mining LUN.TO , BHP BHPB.L and ArcelorMittal MT.LU , given the supportive commodity backdrop, and remains "neutral" on Antofagasta ANTO.L and Rio Tinto RIO.L ** On the contrary, it has a "sell" recommendation on Boliden BOL.ST given its more bearish view on smelting economics and zinc prices ((joanna.wodzicka@tr.com))