Andrada Mining story stacks up as optimisation improves, says broker
Portfolio Pulse from
Andrada Mining Ltd's recent trading update presents a buying opportunity according to Berenberg analysts. Despite tin production falling short of expectations, improved recoveries offer a positive outlook.
December 20, 2024 | 2:00 pm
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POSITIVE IMPACT
Andrada Mining's tin production was below expectations, but improved recoveries suggest potential for future performance. Berenberg sees this as a buying opportunity.
The broker Berenberg's positive outlook on Andrada Mining despite lower-than-expected tin production suggests potential for stock price appreciation. Improved recoveries are a key factor in this optimistic view.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100