|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||13.14 - 13.41|
|52 Week Range||9.37 - 13.73|
|Beta (3Y Monthly)||0.42|
|PE Ratio (TTM)||9.66|
|Forward Dividend & Yield||0.51 (3.87%)|
|1y Target Est||2.28|
The world’s top platinum supplier is handing over 270 hectares (667 acres) of land to people living in Rustenburg, about 140 kilometers (86 miles) northwest of Johannesburg. The move comes as the African National Congress plans to change the constitution to make it easier to seize land without paying for it. The ANC says the amendments are needed to address racially skewed ownership patterns dating back to colonialism and white-minority rule.
Calling it the first project of its kind in the world, Anglo American Plc has installed 256 photovoltaic panels at the tailings dam for its Los Bronces complex in Chile. The pilot project is expected to generate 150,000 kilowatt-hours a year and help power the operations there, the company said in a statement on Thursday.
Zacks.com featured highlights include: Taro, Anglo American, eGain, Korea Electric and Grupo Aeroportuario
Moody's Investors Service ("Moody's") has today upgraded to Baa2 from Baa3 the long term issuer rating of Anglo American plc ("Anglo American") and to Baa2 from Baa3 the group's senior unsecured instrument rating. Anglo American's short term ratings was upgraded to P-2 from P-3. Moody's also upgraded to (P)Baa2 from (P)Baa3 the senior unsecured rating on Anglo American's medium-term note (MTN) programme and to (P)P-2 from (P)P-3 its short term rating.
The London-listed diversified mining company’s net profit rose 12% to $3.55 in the year-ended Dec. 31. In 2015, as commodities prices plumbed to historic lows and the troubled Minas-Rio iron ore mega project in Brazil racked up debts, the company said it would shed tens of thousands of jobs around the world and sell off assets. A rise in those commodity prices and higher productivity at Anglo American has helped the company recover, with its share price up by almost a third since the start of 2018.
The diversified mining company said it made a profit of $3.56 billion in the year-ended Dec. 31 compared with $3.17 billion in 2017. A consensus estimate from 18 analysts compiled by FactSet forecast profit at $2.8 billion. Revenue for the year rose 5% to $27.61 billion, Anglo American said.
Anglo, which was among the miners hardest hit by the 2015-16 commodities price crash, has since made one of the strongest recoveries by shedding assets and improving its balance sheet. Average market prices for the company's basket of commodities and products rose 4 percent, boosting underlying core earnings by $900 million (690.61 million pounds), Anglo said. A 3 percent rise in metallurgical coal prices and a 14 percent rise in thermal coal prices bolstered results.
BHP Group, Rio Tinto Group, Glencore Plc and Anglo American Plc are expected to announce bumper profits over the next two weeks. “This should be a stellar reporting season,” Jefferies LLC analysts said in an emailed note. Iron ore prices surged about 20 percent this year after last month’s deadly dam breach at a Vale SA iron ore mine in Brazil sent the market into turmoil.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Anglo American plc and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
Moody's Investors Service ("Moody's") has changed the outlook on Vedanta Resources Limited's (Vedanta) ratings to negative from stable. At the same time, Moody's has affirmed the company's Ba3 corporate family rating (CFR) and the B2 rating on the senior unsecured notes. "The rating action reflects the heightened risk of cash movement outside Vedanta, following a $561 million structured payment by the company's operating subsidiary to ultimate shareholder Volcan Investments Ltd.. As well, our expectations for underlying operating earnings have been lowered, which will lead to elevated leverage for the ratings", says Kaustubh Chaubal a Moody's Vice President and Senior Credit Officer.
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Investing.com - The European basic resource sector soared in midday trade on Monday, as a trade ceasefire between the U.S. and China sparked demand for growth-linked assets.
Miners and Autos gained value on Monday after investors latched on to news that a global trade war may be averted. Late Saturday, the White House said in a statement that the U.S. would leave the tariffs on $200 billion worth of Chinese products at a 10 percent rate, and not raise it to 25 percent at this time. European autos and mining stocks have a large exposure to the fortunes and policies of China.
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