Bank of America named a bunch of stocks with strong corporate ratings, including five that were rated buy by analysts. Bank of America analysts, led by Jason Fairclough, evaluated charts from a range of companies – all metals and mining companies – to find what it calls statistics ” assassin”. Some of the shortlisted companies highly regarded by Bank of America analysts include: Rio Tinto, which charted a significant market growth for lithium, aluminum and copper – all the company’s main catalog goods. “Rio Tinto has a presence in the market in a number of commodities important to the energy transition,” the analysts said. “The high demand for key commodities means prices will be even higher in the long run.” Analysts also liked Antofagasta’s chart showing their copper production plans, with potential growth of around 30% by 2026. Describing the company as a “pure copper game,” the analysts said. Analysts note that a copper supply deficit until 2050 is a “hot topic” at this year’s conference. A chart by aluminum and renewable energy company Norsk Hydro shows its ambitions in aluminum recycling. The company aims to double its use of scrap metal by 2025 and increase earnings before interest, tax, depreciation and amortization (EBITDA) to 1.1 billion Norwegian krone ($114 million USD) ) over the same period, according to Bank of America analysts Newmont makes the bank’s list as the number one gold producer in the world, with more than 20 active projects since the 2040s. Analysis by Bank of America, its chart highlights its position as “a blue chip gold stock that does what it says on the package.” “In short, if you want an exposed gold quality. ng … Newmont ticks a lot of boxes.” According to Fairclough and colleagues, Canadian gold company Agnico Eagle also made the list, with the chart highlighting its status as a “low-risk, high-quality gold producer. low complexity compared to companies in the same industry”. The company’s share growth has been growing at a compound annual growth rate (CAGR) of 12% since 2005, the bank said, meaning it’s “significantly outperformed” its peers. .
A woman is reflected in a puddle as she walks past the Bank of America branch in New York’s Times Square.
Brendan McDermid | Reuters
Bank of America named a bunch of stocks with strong corporate ratings, five of which are rated buy by analysts.
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