0213 GMT - Glencore, Anglo American, Teck, and Alcoa are Jefferies' top picks among mining stocks this year. While we have recently become more cautious on the near-term outlook for the sector due to cyclical factors, and we believe the risk to consensus estimates is to the downside, it is too late to make downgrades to our ratings, in our view," analysts at the bank write. "All things considered, our bias is to buy our preferred miners and steel producers following the recent significant weakness," they add. Jefferies also prefer Freeport-McMoRan and Lundin Mining, citing a longer run exposure to copper. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)
(END) Dow Jones Newswires
January 05, 2025 21:13 ET (02:13 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。