|Bid||1,850.00 x 0|
|Ask||2,020.00 x 0|
|Day's Range||1,874.80 - 1,938.00|
|52 Week Range||1,018.20 - 2,266.00|
|Beta (5Y Monthly)||1.25|
|PE Ratio (TTM)||11.18|
|Earnings Date||Jul 30, 2020|
|Forward Dividend & Yield||0.59 (3.07%)|
|Ex-Dividend Date||Aug 20, 2020|
|1y Target Est||24.50|
Botswana's rough diamond exports plunged 68% percent in the second quarter of the year, data published by the central bank showed on Friday, as the Coronavirus pandemic hit demand while global travel restrictions hurt trading. In a bid to curb the spread of the virus, Botswana closed its borders in March, locking out international buyers from centres such as Mumbai, Antwerp and China who traditionally travel to Gaborone ten times a year to view and buy diamonds. No exports were recorded in May, while only $20 million worth of diamonds were exported in June, the Bank of Botswana's data showed.
The Russian rouble touched its lowest level in more than two months on Thursday, weakening along with most other emerging market currencies as record spikes in COVID-19 cases dashed optimism sparked overnight by a dovish U.S. Federal Reserve. Surging coronavirus infections in Asia have dispelled any notion that the region may be over the worst, with Australia and India reporting record daily infections on Thursday, Vietnam fretting over a new spike and North Korea urging vigilance. The United States and Brazil also reported a record number of new deaths and confirmed cases.
(Bloomberg) -- Anglo American Plc was forced to rely on profit from iron ore and copper as its fabled De Beers unit reported its weakest earnings since Anglo took control of the business almost a decade ago.While the world’s biggest mining companies have so far been comparatively unscathed by the global pandemic as demand from China holds up and many of the most important mines continue to operate, it’s been a different story for diamonds. Sales plunged in the U.S. -- the most important market -- and trading hub India has also been hit hard.Anglo is the most diversified of the big miners. While most commodities are closely tied to China’s fortunes, the diamonds and platinum Anglo mines are less exposed to the country. That’s been a major benefit in recent years, but is now hurting the company.Anglo reported first-half underlying earnings before interest, taxes, depreciation and amortization of $3.35 billion on Thursday, 39% lower than a year earlier. Its debt rose to $7.6 billion as it spends on building new mines.De Beers has been the biggest drag, posting profit of just $2 million in the first half after the pandemic devastated the diamond world. With jewelry stores closed, cutters and polishers stuck at home and global travel at a standstill, the entire diamond industry essentially came to a halt.More broadly, Anglo’s natural resources portfolio delivered mixed results. The company reaped profits from selling iron ore, which accounted for more than half of the total, and copper, while coal earnings dropped sharply.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.