Report
Mathew Hodge

Significant platinum and diamond exposure makes Anglo American unique among global miners.

We raise our fair value estimate for no-moat-rated Anglo American to GBX 950 per share from GBX 480 per share previously. The increase is primarily driven by higher commodity prices. We have factored in higher spot prices for several commodities, including nickel, platinum, palladium, and manganese. Our nickel price assumption rises 24% to USD 5.71 per pound, platinum by 3% to USD 960 per ounce, and palladium 26% to USD 1,090 per ounce. In addition, we have raised our near-term forecasts for the...
Underlying
Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Mathew Hodge

Other Reports on these Companies
Other Reports from Morningstar

ResearchPool Subscriptions

Get the most out of your insights

Get in touch