|Bid||1,600.00 x 0|
|Ask||1,917.00 x 0|
|Day's Range||1,630.00 - 2,148.00|
|52 Week Range||1,630.00 - 3,699.00|
|Beta (5Y Monthly)||1.28|
|PE Ratio (TTM)||13.25|
|Earnings Date||Feb 22, 2024|
|Forward Dividend & Yield||1.03 (5.72%)|
|Ex-Dividend Date||Aug 17, 2023|
|1y Target Est||26.40|
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(Bloomberg) -- Anglo American Plc suffered its biggest daily drop since the global financial crisis, after unveiling plans to drastically cut production in a bid to reduce costs amid logistical and operational snarls.Most Read from BloombergApps That Use AI to Undress Women in Photos Soaring in UsePenn Leaders Out After Genocide Response, Alumni PressureThe Record Rush to Buy a Rolex or a Patek Philippe Is OverAustralia to Lift Fees for Foreigners Buying Existing HousesApple’s iPhone and Watch P
Big tech, mining and pharma stocks were making moves on Friday.
Shares of Anglo American slid after the mining giant said it would reduce production across a range of commodities in a bid to cut costs. Anglo American plans to cut overall production by around 4% in 2024 and 3% in 2025, before expanding production by 4% in 2026. The company said output of iron ore, copper, nickel, steelmaking coal and platinum group metals will be lowered, and that it would also scale back to using one of its two processing plants at one of its copper projects.