0816 GMT - Glencore should have consensus upgrades after in-line copper and coal output and an upward revision to full-year marketing EBIT, RBC Capital Markets says. "This is especially so given recent positive momentum in the base metals complex and thermal coal prices holding up," analyst Marina Calero writes in a research note. The Switzerland-based mining major's diversified commodity mix and potential in the medium term for a coal spinout leave RBC positive on the stock, she says. Shares are down 0.7% at 470.20 pence. (christian.moess@wsj.com)
(END) Dow Jones Newswires
April 30, 2024 04:17 ET (08:17 GMT)
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