January 4, 2019
Q1/19 Global Mining Best Ideas Portfolio
Q1/19 Best Ideas Equity Recommendations
• Fertilizers: We maintain our positions in MOS and NTR.
• Precious Metals: We add AEM, EDV and WPM and remove BTO, CEY, DGC and SAR.
We maintain the remainder of our precious metals portfolio.
• Uranium: We maintain our position in CCO.
• Base Metals: We add IGO and LUN and remove ANTO and HBM.
We maintain our position in FM for Cu exposure, IVN for Cu/ZN leverage and TV for Zn exposure.
• Diversified Miners / Bulk Commodities: We add AAL and continue to hold GLEN for its Cu/Co exposure and TECK.B, which offers FCF growth with exposure to coking coal and Cu/Zn.
[...]
saludos