2015 All-Latin America Research Team: Metals & Mining, No. 3: Rodolfo De Angele & team
Institutional Investor Research is part of the Delinian Group, Delinian Limited, 4 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730
Copyright © Delinian Limited and its affiliated companies 2024

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

2015 All-Latin America Research Team: Metals & Mining, No. 3: Rodolfo De Angele & team


< The 2015 Latin America Research Team

Rodolfo De Angele & teamJ.P. MorganFirst-place appearances: 1

Total appearances: 18

Team debut: 1997J.P. Morgan’s metals and mining squad in São Paulo rises from runner-up to secure third place, the position it most recently held in 2010. The researchers, under the direction of Rodolfo De Angele, 42, “bring a lot of commodities experience to the table,” observes one supporter. Another fund manager especially values their on-the-ground work, remarking that “their periodic field trips to mining facilities give us important insights.” Among the 15 names the three analysts monitor in this sector, mining and transportation conglomerate Grupo México is a favorite. They upgraded their rating on the shares from neutral to overweight in February, citing both high demand for copper and management’s announcement that it intends to spin off the company’s railroad assets. As of mid-July, Grupo México’s stock had gained 11.6 percent, advancing to 45.27 pesos and outdistancing its regional peers by 22.5 percentage points. De Angele and his teammates believe that a price of 55 pesos is justified.

Gift this article