February 12, 2019 / 7:49 AM / a year ago

BUZZ-European Miners: GS says miners "attractively" positioned

** Goldman Sachs sees European commodities and mining equities to be positive and attractively positioned

** On commodities, while expectations for global demand growth rate declined, outlook remains strong - GS

** GS sees Anglo American as “key idea”, expecting positive earnings momentum in 2019 benefiting from return of Minas Rio to operation

** Upgrades Rio Tinto to “buy” from “neutral”; expects investors to view RIO favourably and downgrades BHP to “neutral”

** Downgrades First Quantum to “neutral” from “buy” following recent outperformance

** Remains “sell” on Antofagasta and Kumba Iron Ore and “buy” rated on Glencore and Lundin Mining

** Credit Suisse sees miners to open lower on Tuesday (Brent +0.90 pct, Iron Ore -2.50 pct) as per premarket indicators

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