Goldman Sachs favors only single-stock opportunities among miners focused on funded growth and...

|By:, SA News Editor

Goldman Sachs favors only single-stock opportunities among miners focused on funded growth and strong free cash flows, such as First Quantum (FQVLF.PK) and Vedanta (VDNRF.PK), as it sees no catalyst for a sector-wide turnaround. Global majors Rio Tinto (RIO) and Anglo American are rated Sell, based on negative earnings momentum and dependency of their free cash flow on iron ore prices.