Summary
- British global mining group Anglo American plc is grappling with a challenging 2023 as prices and production of the metals it produces are forecast lower.
- In terms of revenue and EBITDA growth, 2023 could be another year of declines, as was the case in 2022, potentially impacting the stock price.
- The balance sheet remains strong to support growth and mine life extension and to try to reverse the course for production and costs. The company predicts no improvement for 2023.
- Although the stock price is volatile, it is likely to trend down this year, so long-term investors should just Hold the stock.
- Since the current cycle has not yet bottomed out, traders should hold off on implementing their strategies that typically benefit from short-term ups and downs.
For further details see:
Anglo American May Not Perform Well In 2023: Here Is Why