Liberum analysts give Xstrata hold rating on Q1 production results
May 01, 2012 | 10:40 AM
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Analysts at Liberum Capital have given Xstrata’s stocks a hold recommendation following the release of the company’s first-quarter production results.
“Xstrata’s [first-quarter] production is broadly in line with our estimates across all commodities, [excluding coking coal],” the analysts said.
“We see an in-line performance in thermal coal as a key positive, given its peers’ weak performance due to weather issues,” they added.
Copper production was weaker year-on-year, the analysts said, but was in line with guidance.....
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