BlackRock's Hambro: Miners Are Significantly Undervalued

Mining companies have cleaned up their act but share prices have not caught up to reflect the improvement, says commodities investor Evy Hambro

David Brenchley 3 December, 2018 | 12:03PM

Chinese iron ore mine, BlackRock World Mining, Evy Hambro, miners commodities, bear market

Mining shares could be set to rally in 2019 and 2020, after “a year of stagnation” over the past 12 months, according to BlackRock’s Evy Hambro.

Miner companies across the globe have undergone a quite remarkable transformation since the commodity bear market of 2014 and 2015 and are in much better shape today, he insists. Meanwhile, the wider commodity market remains “completely normal”.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
BlackRock World Mining Trust plc393.00 GBX-0.76

About Author

David Brenchley

David Brenchley  is a Reporter for Morningstar.co.uk

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