Anglo American Share Discussion Threads

[waldron] 22/4/2021 07:14

Anglo American Platinum Ltd. on Thursday reported higher production and sales for the first quarter of the year, and reaffirmed full-year expectations.

The South Africa-based precious-metals miner, which is majority-owned by Anglo American PLC, produced 1.02 million ounces of platinum group metals in the first quarter. This includes platinum, palladium, rhodium, iridium, ruthenium and gold. The figure represents a 7% increase from the same period of 2020, but a 5% decline from the fourth quarter.

Sales volumes from production and trading jumped 45% year-on-year to 1.35 million ounces as production was supplemented by the drawdown of minor metals from refined inventory in support of increased demand.

The company maintained full-year production guidance at 4.2 million ounces to 4.6 million ounces.



Write to Jaime Llinares Taboada at [e-mail]; @JaimeLlinaresT



(END) Dow Jones Newswires

April 22, 2021 02:51 ET (06:51 GMT)

[philanderer] 19/4/2021 10:54

Anglo American procures 100% renewables for LatAm mining ops

[philanderer] 14/4/2021 08:59

GOLDMAN RAISES ANGLO AMERICAN PRICE TARGET TO 3,900 (3,800) PENCE - 'BUY'

[philanderer] 13/4/2021 13:32

Has Anglo American peaked under CEO, Mark Cutifani?

[philanderer] 12/4/2021 09:47

Anglo American is Jefferies’ top mining pick

Anglo American (AAL) is one of broker Jefferies’ top mining stock picks, thanks to its strong growth pipeline.

Analyst Christopher LaFemina reiterated his ‘buy’ recommendation and target price of £38 on the stock, which closed 1p down on Friday at £30.83. The shares had performed strongly on Thursday after the miner announced plans to demerge its South Africa thermal coal operations.

‘With the yield curve steepening and multi-year deficits projected in key commodity markets, investor preference in mining will likely shift from free cashflow and dividend yield to growth and net present value,’ said LaFemina.

‘Anglo stands out in terms of the scale and quality of its growth, which we estimate to be worth about $10bn, or £5.75 per share.’

The analyst said that was a ‘conservative estimate’ based on the net present value of projects in its growth pipeline, including the Quellaveco copper mine in Peru and mining polyhalite in the UK.

‘The bottom line is that Anglo continues to be deeply undervalued, in our view,’ he said.

[philanderer] 12/4/2021 09:29

DEUTSCHE BANK RAISES ANGLO AMERICAN PRICE TARGET TO 3,600 (3,500) PENCE - 'BUY'

[sarkasm] 09/4/2021 07:22

Anglo American plc : Technically solid
04/09/2021 | 07:58am BST
Jordan Dufee

Anglo American plc's shares display attractive technical aspects to anticipate a comeback of the underlying trend.

Investors have an opportunity to buy the stock and target the GBX 3680.

Anglo American plc : Anglo American plc : Technically solid

Summary

The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.

The company has solid fundamentals for a short-term investment strategy.


Strengths

The company returns high margins, thereby supporting business profitability.
The company is in a robust financial situation considering its net cash and margin position.
Historically, the company has been releasing figures that are above expectations.
The equity is one of the most attractive in the market with regard to earnings multiple-based valuation.
The company is one of the best yield companies with high dividend expectations.
Growth remains a strong point in this company. In their sales forecast, analysts sound optimistic with regard to sales prospects.
Over the last twelve months, the sales forecast has been frequently revised upwards.
For the last week, the earnings per share forecast has been revised upwards. According to recent estimates, analysts give a positive overview of the stock
For the last 4 months, the company has been enjoying highly positive EPS revisions, which were frequently and significantly raised.
For the last twelve months, analysts have been gradually revising upwards their EPS forecast for the upcoming fiscal year.
The stock is in a well-established, long-term rising trend above the technical support level at 2026.5 GBX


Weaknesses

Stock prices approach a strong long-term resistance in weekly data at GBX 3421.5.
According to Standard & Poor's' forecast, revenue growth prospects are expected to be very low for the next fiscal years.
Sales estimates for the next fiscal years vary from one analyst to another. This clearly highlights a lack of visibility into the company's future activity.

[aldermana] 08/4/2021 18:09

Probably a good idea Anglo getting rid of their thermal coal division, but I can't see it getting a lot of takers on the LSE. I'll be selling mine asap.

[philanderer] 08/4/2021 10:25

JEFFERIES RAISES ANGLO AMERICAN PRICE TARGET TO 3,800 (3,600) PENCE - 'BUY'

[sarkasm] 08/4/2021 06:54

Anglo American PLC said Thursday that it will demerge its thermal coal operations in South Africa.

The FTSE 100 mining company said it will transfer its thermal coal business in South Africa to a new holding company, Thungela Resources Ltd.

Anglo American said the demerger recognizes its shareholders' diverse range of views regarding thermal coal, providing them with the chance to either retain, increase or decrease their interests in Thungela. As for Thungela, AA said the transaction allows it to attract new shareholders and capital sources.

Anglo American said it will inject an initial 2.5 billion South African rand ($171.6 million) into Thungela, plus further contingent capital support until the end of 2022. It will also support it with the sale and marketing of its products for a three-year period.

The demerger is subject to shareholder approval, which will be sought at a general and court meeting expected to be held on May 5. Anglo American expects Thungela's shares will be admitted to trading in Johannesburg and London on June 7.



Write to Jaime Llinares Taboada at [e-mail]; @JaimeLlinaresT



(END) Dow Jones Newswires

April 08, 2021 02:30 ET (06:30 GMT)

[philanderer] 07/4/2021 09:05

BERENBERG RAISES ANGLO AMERICAN PRICE TARGET TO 3,900 (3,300) PENCE - 'BUY'


BARCLAYS RAISES ANGLO AMERICAN PRICE TARGET TO 3,800 (3,600) PENCE - 'OVERWEIGHT'

[waldron] 07/4/2021 07:15

Anglo American PLC said Wednesday that rough-diamond sales by its majority-owned De Beers Group were 20% lower in the traditionally quieter third sales cycle of 2021 compared with the previous cycle, in line with expectations.

The diversified mining company said that while both market sentiment and overall industry conditions remain positive, it sees challenges continuing due to Covid-19 developments in Europe and Mumbai's recent lockdown that had closed the Bharat Diamond Bourse.

De Beers sold $440 million of diamonds in the third cycle of the year compared with $550 million in the 10th last year. There are 10 sales cycles each year.

Anglo American said sales for the third cycle are provisional figures due to a change in the company's approach to diamond sales because of pandemic-related movement restrictions around the globe. The figures are based on expected sales between March 22 and April 6.



Write to Ian Walker at [e-mail]



(END) Dow Jones Newswires

April 07, 2021 02:30 ET (06:30 GMT)

[philanderer] 23/3/2021 14:30

Anglo American is undervalued, says Jefferies


After a meeting with Anglo American (AAL) chief executive Mark Cutifani, Jefferies believes the miner is strongly positioned for a decarbonising world.

Analyst Christopher LaFemina reiterated his ‘buy’ recommendation and target price of £36.00 on the stock, which closed down 0.8%, or 24p, at £27.81 on Monday.

‘The company is uniquely positioned to benefit from the global push for decarbonisation and has high quality growth optionality in key commodities, including copper and platinum group metals, that is not fully reflected in its current share price,’ he said.

LaFemina added that Anglo American is ‘one of our top picks globally in the sector’.

[foxy22] 22/3/2021 08:11

Royal bank of Canada 4100

[foxy22] 22/3/2021 08:11

Encourage raises Anglo to 4100These analysts have a rather wide bearth

[philanderer] 19/3/2021 10:31

SOCGEN CUTS ANGLO AMERICAN TO 'HOLD' ('BUY') - TARGET 3,000 (2,300) PENCE

[philanderer] 18/3/2021 00:54

Anglo American plans to invest up to US$330mn in Brazil this year

[philanderer] 17/3/2021 17:40

xd tomorrow morning for the $0.72 per share dividend

[foxy22] 16/3/2021 16:30

As u can see Aal closing at 30.00

[foxy22] 16/3/2021 16:30

Palladium/platinum futures jumped tho later in the day when norilisk nickel announced it lost 10% of production overall with its accident

[philanderer] 16/3/2021 14:27

Midday report

..Anglo American was the worst performer, down 2.2%, tracking platinum prices lower, quoted at USD1,207.88 an ounce on Tuesday from USD1,217.72 on Monday. Anglo American Platinum is the world's largest primary producer of platinum, accounting for about 38% of the world's annual supply. Anglo American Platinum was 2.4% lower in Johannesburg.

Alliance News

[philanderer] 16/3/2021 11:14

foxy, as long as you buy before 4:30pm tomorrow you'll still qualify.