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home / news releases / anglo american platinum with important cost cutting

AGPPF - Anglo American Platinum: With Important Cost Cutting In Place It Is Time To Consider Buying The Stock

Anglo Platinum Ltd Ord

2024-02-23 01:48:01 ET

Summary

  • Anglo American Platinum is the world's biggest producer of PG Metals and is vertically integrated.
  • The sector has suffered a correction due to a weaker rebound of thermal cars requiring auto-catalysts and an increasing penetration of EVs.
  • The solid balance sheet and the cost-cutting program give sufficient safety to navigate in this difficult period.
  • My DCF model indicates upside potential using conservative assumptions.
  • While the stock could remain very volatile, taking an initial position could make sense. I rate the stock as a BUY.

My thesis

For further details see:

Anglo American Platinum: With Important Cost Cutting In Place, It Is Time To Consider Buying The Stock
Stock Information
Company Name: Anglo Platinum Ltd Ord
Stock Symbol: AGPPF
Market: OTC
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