BHP News: Miners: Discount for Glencore/Anglo American; Premium for BHP/Freeport -Jefferies - 31st Mar 2023, 4:36am

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By Barani Krishnan

Investing.com -- Major mining companies Glencore (OTC:GLNCY), Anglo American (LON:AAL), South32 (OTC:SOUHY) and Vale (NYSE:VALE) are trading at discounts to replacement cost while Rio (NYSE:RIO), Teck (NYSE:TECK) and First Quantum (NASDAQ:QMCO) are at small premiums instead based on their enterprise value, or EV, versus a tonne of copper in production, Jefferies said in a note Thursday.

BHP Group Ltd ADR (NYSE:BHP), Antofagasta (LON:ANTO) and Freeport (NYSE:FCX), meanwhile, ...

>>> Read more: Miners: Discount for Glencore/Anglo American; Premium for BHP/Freeport -Jefferies
 
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