|Bid||2.3700 x 1000|
|Ask||3.6400 x 1300|
|Day's Range||2.3852 - 2.4679|
|52 Week Range||2.3200 - 3.3000|
|Beta (5Y Monthly)||0.86|
|PE Ratio (TTM)||22.64|
|Earnings Date||Nov 06, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Jun 27, 2007|
|1y Target Est||N/A|
(Bloomberg) -- When Natascha Viljoen takes over as chief executive officer of Anglo American Platinum Ltd. in April, she will be the only woman running a major precious-metals mining company.Mining remains male-dominated, despite efforts by companies including BHP Group to increase the presence of women in their executive leadership. Cynthia Carroll, the first female CEO of Amplats’s parent Anglo American Plc before she quit in 2012, said last year that miners should do more to push gender diversity.Viljoen, currently head of processing at Anglo, will take over from Chris Griffith when he leaves on April 16. The 49-year-old metallurgical engineer will report to a board that includes Anglo CEO Mark Cutifani. Viljoen’s 28-year career, including a stint at platinum producer Lonmin Plc, makes her ideally placed to take Amplats forward.“From a technical and leadership perspective, I think she has got all the credentials,” said Arnold Van Graan, an analyst at Nedcor Securities Ltd. “She has demonstrated her ability to deliver business improvements and drive efficiency out of existing assets, which is in line with Amplats’ strategy.”Viljoen steps in as the South African platinum industry is reaping the benefits of a surge in palladium and rhodium prices. Under Griffith, Amplats closed and sold higher-cost mines, paving the way for the company to boost profits and dividends last year.“I am fortunate to inherit a business in such a strong position,” Viljoen said in a statement. “Chris Griffith has reshaped our PGMs portfolio to be fit for the future and I believe we now have an opportunity to re-imagine how we operate.”Viljoen has also worked for AngloGold Ashanti Ltd. and for BHP’s chrome and coal businesses, including managing a colliery in South Africa. Her career began in 1991 as a trainee engineer at steelmaker Iscor.Amplats shares dropped 2.8% in Johannesburg, paring their gains over the past 12 months to 82%.\--With assistance from Thomas Biesheuvel.To contact the reporter on this story: Felix Njini in Johannesburg at firstname.lastname@example.orgTo contact the editors responsible for this story: Lynn Thomasson at email@example.com, Dylan Griffiths, Nicholas LarkinFor 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.
(Bloomberg) -- No commodity is benefiting from the deadly coronovirus outbreak more than palladium.Futures contracts for the precious metal surged as much as 8.1% to a record as Wall Street fled stocks. Investors are searching for safe havens after Apple Inc. warned that the virus and efforts to contain it would have its sales missing forecasts.“Palladium has been unbelievable – it’s like the Tesla stock of commodities,” Edward Meir, an analyst at ED&F Man Capital Markets, said by phone. “Prices are caught up in the rally in precious metals. Whenever these metals rally palladium tends to move as well, but by a greater magnitude.”The rally in metals gathered pace around 10 a.m. as gold advanced above $1,600 an ounce. Over that full hour, volume for palladium was more than six times the average in the past 100 days for that time of day, according to data compiled by Bloomberg. Palladium delivered a 77% return over the past year, the biggest among 45 raw materials on the DCI BNP Paribas Enhanced Index.Palladium futures for March delivery climbed 7.8% to settle at $2,497.60 an ounce at 1:01 p.m. on the New York Mercantile Exchange. Prices kept rising after the market closed Tuesday, touching $2,504.50, the highest in records going back three decades. The market was closed on Monday for a U.S. public holiday. In the spot market, the metal also reached an all-time high.Gold futures for April delivery rose 1.1% to $1,603.60 an ounce, the highest close for a most-active contract on the Comex in New York since 2013. The tally of outstanding contracts for the metal is more than 30 times the size of palladium.Palladium’s stellar performance has been driven by expectations that stricter Chinese environmental standards will spur higher loadings of the material in cars, draining global supply that’s already struggling to meet demand.Production will trail consumption by 1.9 million ounces this year, wider than the 1.1 million ounce-deficit last year, Anglo American Platinum Chief Executive Officer Chris Griffith said in a presentation.\--With assistance from Elena Mazneva, Justina Vasquez and Yvonne Yue Li.To contact the reporters on this story: Luzi Ann Javier in New York at firstname.lastname@example.org;Joe Richter in New York at email@example.comTo contact the editors responsible for this story: Luzi Ann Javier at firstname.lastname@example.org, Joe RichterFor 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.
Ams AG said Tuesday that its revenue and adjusted profit rose year-on-year amid strong growth in its business for 3D sensing and advanced light sensing.
(Bloomberg) -- Sign up to our Next Africa newsletter and follow Bloomberg Africa on TwitterAnglo American Platinum Ltd. expects to report that profit more than doubled last year after prices of the metals it mines surged.Headline earnings were probably 131% to 151% higher than a year earlier, despite power outages which cut production and deferred processing of some metal, Amplats said Tuesday. It will report full-year results on Feb. 17.The improved earnings show how higher metals prices are boosting mining companies’ bottom line, particularly in South Africa, where producers are also benefiting from a weaker rand that lowers costs. Palladium has surged to a record and platinum and rhodium prices also climbed as stricter emissions rules prompt automakers to use more of the metals in catalytic converters.Anglo Platinum, which is controlled by Anglo American Plc, rose as much as 2.8% in Johannesburg. While the stock has fallen this month, it’s still up more than 90% in the past year. The company said it also benefited from operational improvements last year.(Updates with shares in fourth paragraph)To contact the reporter on this story: Felix Njini in Johannesburg at email@example.comTo contact the editors responsible for this story: Lynn Thomasson at firstname.lastname@example.org, Nicholas Larkin, Liezel HillFor 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.
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