BUZZ-Miner Grupo Mexico erodes after JPM downgrade

Reuters
01/23
BUZZ-Miner Grupo Mexico erodes after <a href="https://laohu8.com/S/JPM">JPM</a> downgrade

** Shares in miner Grupo Mexico GMEXICOB.MX slide by nearly 3% after opening on a downgrade by J.P. Morgan the day before

** JPM downgrades Grupo Mexico to neutral from overweight; subsidiary Southern Copper SCCO.N to underweight from neutral

** "After a strong rally, we believe it is time to unplug and recharge our LatAm copper exposure, reassessing risks and opportunities before the next move," JPM analysts write

** Grupo Mexico shares have surged around 30% in the past three months, with copper prices rallying above $13,000 per metric ton

** JPM expects copper prices to pull back toward $12,000 per ton in coming months on softening Chinese demand, inventory builds

** JPM's top metals pick in Latin America is Brazilian iron miner Vale VALE3.SA, with Chilean copper miner Antofagasta ANTO.L an alternative

(Reporting by Gabriel Araujo; Writing by Kylie Madry)

((Kylie.Madry@thomsonreuters.com))

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10