Q1e: we have EBIT excl. PIR up 26% q-o-q. Estimates lowered for Smelters, Mines fairly unchanged. Decent Q4, but let's not get too carried away – HOLD.

08 Feb 2024
Decent Q4, yet still too early for a recovery

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Decent Q4, yet still too early for a recovery
- Published:
08 Feb 2024 -
Author:
Adrian Gilani | ABGSC Metals & Mining Research -
Pages:
18 -
Q1e: we have EBIT excl. PIR up 26% q-o-q. Estimates lowered for Smelters, Mines fairly unchanged. Decent Q4, but let's not get too carried away – HOLD.