Berenberg: METLEN named a Mining Leader

METLEN is included among the starring metals and mining companies, according to a study by Berenberg.

More specifically, the Greek institution ranks alongside large manufacture players such arsenic Rio Tinto, Glencore, BHP Billiton, and Antofagasta, among others. At the aforesaid time, the study raised the target terms for METLEN from 59 euros to 61 euros and reiterated a Buy recommendation.

Berenberg believes that METLEN is well positioned to present show successful a volatile vigor marketplace environment. Higher earthy state prices could pb to higher wholesale energy prices and improved nett margins for the company’s highly businesslike powerfulness procreation segment.

In addition, the Metals part appears resilient, supported by the group’s ain vigor production, and is expected to payment from the emergence successful aluminium prices (+14% year-to-date), driven by supply disruptions successful the Middle East. Furthermore, the strengthening of the US dollar against the euro is besides supportive.

Berenberg analysts besides underlined that the strong synergies crossed METLEN’s concern segments assistance support a debased outgo base, enabling the institution to stay competitory crossed its markets, adjacent during periods of precocious earthy state prices successful Europe.