MINERS were given a boost yesterday, after JP Morgan upgraded its recommendation on the sector to overweight.
The likes of
A slowdown in demand, followed by a subsequent fall in commodity prices, has hit miners hard over the past 18 months, with firms cutting costs and divesting non-core assets in an attempt to turn around their balance sheets.
"The sector has performed poorly in the last few years, down 50 per cent relative, to be currently at the same levels as at
JP Morgan's analysts named Rio and BHP as the most attractive stocks in the sector, which closed 4.8 per cent higher and 2.7 per cent higher respectively.
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