TheScreener - African Rainbow Minerals Limited (100V) Increased risk weighs on AFRICAN RAINBOW MINERALS, penalising its rating down to Negative

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EUR 14.31 For Business Accounts Only

Increased risk weighs on AFRICAN RAINBOW MINERALS, penalising its rating down to Negative

The independent financial analyst theScreener just lowered the general evaluation of AFRICAN RAINBOW MINERALS (ZA), active in the General Mining industry. As regards its fundamental valuation, the title still shows 1 out of 4 possible stars. Its market behaviour, however, has slightly deteriorated and will be qualified as risky moving forward. theScreener considers that these new qualifications justify an overall rating downgrade to Negative. As of the analysis date November 26, 2021, the closing price was ZAR 189.69 and its target price was estimated at ZAR 170.12.

27/11/2021 1 EN

Underlying

African Rainbow Minerals Limited

African Rainbow Minerals is engaged in the exploration, development, operation and holding of interests in the mining and minerals industry. Co.'s operations are focused on precious metals, ferrous metals and alloys, which include platinum group metals, nickel, iron ore, manganese ore, chrome ore, ferromanganese and ferrochrome alloys. Co. maintains an investment in Harmony. Co.'s partners at its South African operations are Anglo Platinum, Assore, Impala Platinum, Norilsk Nickel and Xstrata Coal South Africa. Co. is organized in four operating divisions: ARM Platinum (which includes platinum and nickel), ARM Ferrous, ARM Coal and ARM Exploration.

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ZAE000054045 Johannesburg Stock Exchange South Africa

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TheScreener

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Increased risk weighs on AFRICAN RAINBOW MINERALS, penalising its rating down to Negative

Empowering Investors

Vermilion Int'l Compass: Global Equity Strategy

Int'l Insights: Emerging Markets Strategy

AC ENERGY CORP increases its risk exposure and slightly lowers to Neutral

With a more favourable environment, VUKILE PROPERTY improves to Positive

An unfavourable environment weighs on ROYAL BAFOKENG PLATINUM, which sees a downgrade to Slightly Negative

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