Morgan Stanley’s Top International Mining Stocks

In a recent report, Morgan Stanley released its top stock picks in the international mining sector. Not all stocks sell on American exchanges, but Morgan Stanley provides reasons to go shopping abroad for each of these six companies.

New Boliden (Price target: +3 percent)
This Swedish mining and smelting company focuses on copper, zinc, lead, gold and silver. Morgan Stanley sees upside potential in New Boliden due to higher copper treatment and refining charges and a deployment of cash to higher-returning mining businesses.

AK Alrosa OAO (Price target: +6 percent)
This Russian company specialized in the exploration, mining, manufacture, and sale of diamonds. The report identifies the for AK Alrosa OAO potentially spurring improved free cash flow to equity (FCFE)due to capex peaks in 2014 and a weaker ruble.

Fresnillo (Price target: +31 percent)
This Mexican mining company is the world’s largest producer of silver from ore and is Mexico’s second-largest gold producer. Morgan Stanley sees upside in Fresnillo due to more active capital management by the company, strong gold and silver prices and a depreciating peso.

Rio Tinto plc (ADR) RIO 0.36%(Price target: +34 percent)
This London-based multinational metals and mining corporation is a worldwide leader in production of aluminum, iron ore, copper, uranium, coal, and diamonds. Morgan Stanley likes Rio Tinto because of its high-quality, low-cost iron ore assets and other large, expandable, long-life assets…

Read the rest of this article (and all my other articles) for free on Benzinga by clicking here

Want to learn more about the stock market? Or maybe you just want to be able to look sophisticated in front of your coworkers when they ask you what you are reading on your Kindle, and you’d prefer to tell them “Oh, I’m just reading a book about stock market analysis,” rather than the usual “Oh, I’m just looking at pics of my ex-girlfriend on Facebook.” For these reasons and more, check out my book, Beating Wall Street with Common SenseI don’t have a degree in finance; I have a degree in neuroscience. You don’t have to predict what stocks will do if you can predict what traders will do and be one step ahead of them. I made a 400% return in the stock market over five years using only basic principles of psychology and common sense. Beating Wall Street with Common Sense is now available on Amazon, and tradingcommonsense.com is always available on your local internet!