Anglo American PLC

Anglo American is a global mining company with a portfolio of mining operations and undeveloped resources. Co. is focused on diamonds, copper, platinum group metals (PGMs), and bulk commodities and other minerals. Co.'s segments include: De Beers, which produces rough and polished diamonds; Copper, which produces copper; Platinum, which produces PGMs; Iron Ore and Manganese, which produces iron ore, manganese ore and alloys; Coal, which produces metallurgical coal and thermal coal; and Nickel, which produces nickel.
  • TickerAAL
  • ISINGB00B1XZS820
  • ExchangeLondon Stock Exchange
  • SectorMining
  • CountryUnited Kingdom

Analysts

Ahmed Ben Salem ...
  • Alain William
  • Benoit Valleaux
  • Christophe Chaput
  • Stephane Houri
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 01/23/2020

We are initiating coverage on the Portuguese oil company Galp with a Neutral recommendation and a target price of € 16.5. Galp offers the most robust production growth in the sector thanks to its presence in Brazil, one of the most attractive oil & gas basins in the world. However, in the short term, growth capex is weighing on FCF and shareholder returns, which are currently the main areas of interest for investors. Galp’s valuation is less demanding than 18 months ago but the stock ...

Ahmed Ben Salem ...
  • Alain William
  • Benoit Valleaux
  • Christophe Chaput
  • Stephane Houri
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 23/01/2020

Nous initions la couverture de la compagnie pétrolière portugaise Galp avec une recommandation Neutre et un objectif de cours de 16.5 €. Galp offre la plus forte croissance de production du secteur grâce à sa présence au Brésil, un des meilleurs bassins d'hydrocarbures au monde. Cependant à court terme, les Capex de croissance pèsent sur le FCF et sur le retour aux actionnaires, qui sont aujourd'hui les principaux points d'intérêt des investisseurs. Sa valorisation est moins exigeante...

Alain William

AngloAmerican Plc : Q4 production prints on the high side

>Good Q1 production numbers - Anglo American (Neutral) has just released a strong Q4 production report which comes in at +4% on a copper equivalent basis (in line with Q3: +4% y-o-y) driven by the continued successful ramp-up at Minas-Rio in Brazil. At De Beers (13% of H1 2019 EBITDA), rough diamond production decreased by 15% y-o-y (up 5% q-o-q) to 7.8m carats, driven by lower production levels in South Africa and Botswana. We note however that trading conditions hav...

Alain William

AngloAmerican Plc : Q4 production prints on the high side

>Good Q1 production numbers - Anglo American (Neutral) has just released a strong Q4 production report which comes in at +4% on a copper equivalent basis (in line with Q3: +4% y-o-y) driven by the continued successful ramp-up at Minas-Rio in Brazil. At De Beers (13% of H1 2019 EBITDA), rough diamond production decreased by 15% y-o-y (up 5% q-o-q) to 7.8m carats, driven by lower production levels in South Africa and Botswana. We note however that trading conditions hav...

With a more favourable environment, ANGLO AMERICAN PLC. improves to Slightly Positive

ANGLO AMERICAN PLC. (GB), a company active in the General Mining industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 4 out of 4 stars, as well as its unchanged, moderately risky market behaviour. The title leverages a more favourable environment and raises its general evaluation to Slightly Positive. As of the analysis date January 21, 2020, the closing price was GBp 2,200.00 and its potential was estimated at GBp 2,462.85.

Anglo American plc: Anglo American’s potential acquisition of Sirius would not jeopardise its Baa2 rating but would weaken free cash flow

Potential acquisition of Sirius can be accommodated in the current Baa2 rating but material capital investments required to complete the mining project would increase Anglo's risk profile

Anglo American plc: Update following affirmation of Baa2 ratings with stable outlook

Our credit view of Anglo American reflecting its strong position in the Baa2 rating category.

Anglo American plc: Key Facts and Statistics - H1 June 2019

A summary company profile, detailing Anglo American’s business operations and financial highlights.

Anglo American plc - June 2019 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

Anglo American plc: Anglo American’s improved H1 2019 results offset $1 billion share buyback; credit metrics expected to remain strong

Announcement of $1 billion share buyback is offset by strong cash generation in H1 2019.

Alain William

AngloAmerican Plc : Q4 production prints on the high side

>Good Q1 production numbers - Anglo American (Neutral) has just released a strong Q4 production report which comes in at +4% on a copper equivalent basis (in line with Q3: +4% y-o-y) driven by the continued successful ramp-up at Minas-Rio in Brazil. At De Beers (13% of H1 2019 EBITDA), rough diamond production decreased by 15% y-o-y (up 5% q-o-q) to 7.8m carats, driven by lower production levels in South Africa and Botswana. We note however that trading conditions hav...

Alain William

AngloAmerican Plc : Q4 production prints on the high side

>Good Q1 production numbers - Anglo American (Neutral) has just released a strong Q4 production report which comes in at +4% on a copper equivalent basis (in line with Q3: +4% y-o-y) driven by the continued successful ramp-up at Minas-Rio in Brazil. At De Beers (13% of H1 2019 EBITDA), rough diamond production decreased by 15% y-o-y (up 5% q-o-q) to 7.8m carats, driven by lower production levels in South Africa and Botswana. We note however that trading conditions hav...

Alain William ...
  • Antoine Boivin-Champeaux
  • Fehmi Ben Naamane
  • Johanna Jourdain
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 01/21/2020

We are initiating coverage on the five main market capitalisations of the luxury goods sector in Europe with a firmly positive bias on the three big names in the soft luxury segment, Hermès (Buy, target price € 776, Top Pick), LVMH (Buy, target price € 471) and Kering (Buy, target price € 654), for which we expect annual top-line growth to remain above +5% in the coming financial years, we are more cautious regarding Richemont (Reduce, target price CHF 73) and Swatch (Reduce, target ...

Alain William

AngloAmerican Plc : Sirius Minerals: strategic acquisition at a reasonable price

>Sirius Minerals acquisition confirmed - Anglo American (AA) has announced the acquisition of UK-based Sirius Minerals at a price of 5.5p per share (or an EV of around $ 686m with $ 529m in cash). AA had until 5 February to confirm (or not) its intention to buy Sirius (the interest was initially declared on 8 January). Sirius Minerals owns and builds the installations required to operate the potash mine in Whitby, North Yorkshire (UK), the world’s largest known high-g...

Alain William ...
  • Antoine Boivin-Champeaux
  • Fehmi Ben Naamane
  • Johanna Jourdain
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 21/01/2020

Dans un marché européen en pleine expansion, l’immobilier de santé constitue une classe d’actifs acyclique avec des fondamentaux très solides. Nous confirmons notre opinion Achat sur Icade (OC relevé de 98 € à 108 €) et initions Cofinimmo à Achat et Aedifica à Neutre. Cf. étude publiée hier soir - ...

1 director sold

A director at Anglo American sold 42,465 shares at 2,038p and the significance rating of the trade was 74/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board me...

Ahmed Ben Salem ...
  • Alain William
  • Benoit Valleaux
  • Christophe Chaput
  • Stephane Houri
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 01/23/2020

We are initiating coverage on the Portuguese oil company Galp with a Neutral recommendation and a target price of € 16.5. Galp offers the most robust production growth in the sector thanks to its presence in Brazil, one of the most attractive oil & gas basins in the world. However, in the short term, growth capex is weighing on FCF and shareholder returns, which are currently the main areas of interest for investors. Galp’s valuation is less demanding than 18 months ago but the stock ...

Ahmed Ben Salem ...
  • Alain William
  • Benoit Valleaux
  • Christophe Chaput
  • Stephane Houri
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 23/01/2020

Nous initions la couverture de la compagnie pétrolière portugaise Galp avec une recommandation Neutre et un objectif de cours de 16.5 €. Galp offre la plus forte croissance de production du secteur grâce à sa présence au Brésil, un des meilleurs bassins d'hydrocarbures au monde. Cependant à court terme, les Capex de croissance pèsent sur le FCF et sur le retour aux actionnaires, qui sont aujourd'hui les principaux points d'intérêt des investisseurs. Sa valorisation est moins exigeante...

Alain William ...
  • François Maury
  • Georges Dieng
  • Jerôme Bodin

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 11/19/2019

...

Alain William ...
  • François Maury
  • Georges Dieng
  • Jerôme Bodin

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 19/11/2019

...

Alain William ...
  • Alexandre Iatrides
  • Alfred Glaser
  • Baptiste Lebacq
  • Benoit Valleaux
  • Charles Lepetitpas
  • Delphine Brault
  • Emira Sagaama
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Khaled Ben Amor
  • Louis Boujard, CFA
  • Matthias Desmarais
  • Michael Foundoukidis
  • Nicolas David
  • Philippe Ourpatian
  • Pierre Tegner
  • Rémi Adam
  • Roland Pfaender,MBA,CFA,CCRA
  • Stephane Houri
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 10/25/2019

...

With a more favourable environment, ANGLO AMERICAN PLC. improves to Slightly Positive

ANGLO AMERICAN PLC. (GB), a company active in the General Mining industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 4 out of 4 stars, as well as its unchanged, moderately risky market behaviour. The title leverages a more favourable environment and raises its general evaluation to Slightly Positive. As of the analysis date January 21, 2020, the closing price was GBp 2,200.00 and its potential was estimated at GBp 2,462.85.

Philip Morrish

Value Indicator - UK Basic Resources 30122019

Currently '(TM)Value Indicator - UK basic resources' is a value analysis fof the Basic Resources super sector of quoted companies on the London Stock Exchange's main market that provides the reader with indicative longer-term target prices.

Philip Morrish

Value Indicator - UK Main Market 30122019

Currently '(TM) Value Indicator - Main Market' is a value analysis of the Basic Resources, Construction & Materials, Telcoms and Utilities sectors of quoted companies on The London Stock Exchange's Main market that provides the user with indicative long-term trading indicators and indicative target prices. The publication is also available on request at

Philip Morrish

Value Indicator - UK Basic Resources 23122019

Currently '(TM)Value Indicator - UK basic resources' is a value analysis of the Basic Resources super sector of quoted companies on the London Stock Exchange's main market that provides the reader with longer-term target prices.

Philip Morrish

Value Indicator - UK Main Market 23122019

Currently '(TM)Value Indicator - UK main market' is a value analysis of the Basic Resources, Construction & Materials, Telecoms and Utilities sectors of quoted companies on the London Stock Exchange's main market that provides the reader with indicative longer-term tagrte prices.

MarketLine Department

Vast Resources Plc - Strategy, SWOT and Corporate Finance Report

Summary Vast Resources Plc - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Vast Resources plc (Vast Resources) is a multi-commodity mining and resource development company. It has exploration and development projects in Southern Africa (primarily in Zimbabwe) and Eastern Europe (Romania). The company's commodity portfolio includes gold, copper, diamond, silver, ...

MarketLine Department

Bhp Billiton Limited - Mergers & Acquisitions (M&A), Partnerships & Alliances And Investments

Summary Marketline's Bhp Billiton Limited Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Bhp Billiton Limited since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advantag...

MarketLine Department

Petropavlovsk Plc - Strategy, SWOT and Corporate Finance Report

Summary Petropavlovsk Plc - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Scope - Detailed information on Petropavlovsk Plc required for business and competitor intelligence needs - A study of the major internal and external factors affecting Petropavlovsk Plc in the form of a SWOT analysis - An in-depth view of the business model of Petropavlovsk Plc including a breakdown a...

MarketLine Department

Vedanta Resources Plc - Strategy, SWOT and Corporate Finance Report

Summary Vedanta Resources Plc - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Scope - Detailed information on Vedanta Resources Plc required for business and competitor intelligence needs - A study of the major internal and external factors affecting Vedanta Resources Plc in the form of a SWOT analysis - An in-depth view of the business model of Vedanta Resources Plc includi...

MarketLine Department

MMC Norilsk Nickel - Strategy, SWOT and Corporate Finance Report

Summary MMC Norilsk Nickel - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. KeyHighlights MMC Norilsk Nickel (Norilsk Nickel) is an integrated metal and mining company in Russia. The company is engaged in prospecting, mining, exploration, concentration and processing of minerals. It also processes, markets and sells precious and base metals. The company’s product portfolio incl...

Expert Corporate Governance Service (ECGS)

Anglo American - AGM 30 April 2019

Item 14: Re-appoint the auditors The auditor's tenure exceeds our tenure limit of 10 years.  Deloitte LLP and its predecessor have served as the groupns external auditor since 1999.  Information on when a tender of the audit contract was last undertaken is one of the recommendations of the UK Code; however, the Company has not provided this detail.  The Company plans to put the auditor out to tender no later than after completion of the 2019 audit. The new external auditor will be appointed for the 2020 financial year onwards.  More than 10% of shareholders opposed the reappointment of the au...

Ango American – Proxinvest Corporate Governance Rating ® : B

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Expert Corporate Governance Service (ECGS)

Etude de l'AG du 24/04/2017

gregate time commitments as he also serves as Chairman of Pennon Group plc and Non-executive Director of Airbus Group SE, Carnival Corp & Carnival plc, Stichting Administratiekantoor EADS and White Ensign Association Ltd.Item 16: Approve the Remuneration Report. The structure of remuneration is considered unsatisfactory, total variable remuneration exceeded guidelines, the salary is in the top of the peer groups and there is a potential for excessive remuneration.As part of its asset sales program and its effort to focus on other commodities, Anglo American announced on April 10, 2017, the sal...

Jérôme VINERIER

Analyse court terme - ANGLO AMERICAN : Les cours progressent encore.

La tendance est haussière. Les cours progressent encore, mais la tendance s'affaiblit. La prochaine résistance est à 1 885,00 p. La rupture de 1 438,00 p mettrait la tendance en danger.

Jérôme VINERIER

Short term view - ANGLO AMERICAN : Prices are still making progress.

The trend is bullish. Prices are still making progress but the trend is slowing down. The next resistance is at 1,885.00 p. The break of 1,438.00 p would endanger the trend.

Jérôme VINERIER

Short term view - ANGLO AMERICAN : Rising consolidation.

The background trend is clearly bearish. The negative MACD confirms the trend. The rise is a consolidation that will soon bump against the level at 1,885.00 p. The next target is at 1,550.00 p, then 1,438.00 p. Passing 1,978.00 p would question the continuation of the fall.

Jérôme VINERIER

Analyse court terme - ANGLO AMERICAN : La reprise est une consolidation.

La tendance de fond est clairement orientée à la baisse. Le MACD est négatif, il confirme cette tendance. La reprise est une consolidation qui va buter sur 1 885,00 p prochainement. Le prochain objectif est à 1 550,00 p, puis 1 438,00 p. Le franchissement de 1 978,00 p remettrait en cause la suite de la baisse.

Valérie GASTALDY

Medium term view - ANGLO AMERICAN : The background trend is clearly bullish.

The background trend is clearly bullish. The correction is gaining traction. It is too early to qualify this action as a bearish reversal. The trend would be invalidated below the support at 1,223.00 p.

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