EV/CE 1.13x and share 19% below our MTM model means flat prices are enough to justify a BUY (Hold). '23e-'24e EBIT down 2-5% on soft grade guidance.

23 Oct 2023
Expectations now low enough to BUY

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Expectations now low enough to BUY
- Published:
23 Oct 2023 -
Author:
Adrian Gilani | ABGSC Metals & Mining Research -
Pages:
17 -
EV/CE 1.13x and share 19% below our MTM model means flat prices are enough to justify a BUY (Hold). '23e-'24e EBIT down 2-5% on soft grade guidance.