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Goldman Sachs Neutral On The World's 5th-Largest Copper Producer
Thursday, June 9, 2016 - 10:55am | 280Southern Copper Corp (NYSE: SCCO) shares are currently trading at an 8 percent premium to their historical mid-cycle premium, which Goldman Sachs’ Humberto Meireles believes is justified, given the company’s premium leverage and growth profile. Meireles initiated coverage of the company...
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Goldman Sachs Initiates Vale, Sitting On The Sidelines
Thursday, June 9, 2016 - 9:03am | 216Goldman Sachs has started coverage of Vale SA (ADR) (NYSE: VALE) with Neutral rating, saying that expected lower iron ore prices could offset volume growth. Vale, the world's largest iron ore producer, is in the final stages (expected for late 2016) of delivering its flagship iron ore project, S11D...