Streetbeat News

AAUKF

Anglo American plc

http://www.angloamerican.com/

CEO

Mark Cutifani

Industry

Iron Ore Mining

Open

28.90

Mkt cap

37B

Volume

408

High

30.32

P/E Ratio

-11.98

52-wk high

35.70

Low

28.90

Div yield

0.02

52-wk low

22.89

Anglo American is simplifying its portfolio by focusing on copper, premium iron ore, and crop nutrients, while divesting non-core assets like platinum, diamonds, and steelmaking coal. This transformation presents a unique investment opportunity with potential for significant value creation and stock price appreciation over the next 2-3 years. A potential renewed bid from BHP post-November 29th could drive short-term stock price gains.

Portfolio Pulse from

November 24, 2024 | 8:15 am

BHP has clarified that its chairman's comments about moving on from the failed $49 billion bid for Anglo American were not a formal withdrawal. The UK Takeover Panel confirmed that BHP's remarks do not constitute an official 'no offer' statement, leaving the door open for a future bid. BHP is focusing on expanding its operations in South America and addressing labor issues in Australia.

Portfolio Pulse from Stjepan Kalinic

November 01, 2024 | 12:29 pm

Copper prices rebound due to China's stimulus measures, but potential volatility from upcoming US elections looms. The Global X Copper Miners ETF (COPX) has outperformed the S&P 500 ETF (SPY) this year. JPMorgan warns of potential trade-related risks and downgrades Anglo American. Copper's role in EVs remains strong despite short-term uncertainties.

Portfolio Pulse from Stjepan Kalinic

October 11, 2024 | 4:58 pm

JPMorgan analyst Patrick Jones predicts a significant copper deficit by 2030, driven by increased demand from electric vehicles and renewable energy. Despite potential substitution with other materials, the deficit is expected to persist. Key mining companies like Teck Resources and Rio Tinto are poised to benefit, while electrification plays like ChargePoint Holdings could also see gains.

Portfolio Pulse from Surbhi Jain

September 12, 2024 | 12:42 pm

Anglo American plc (OTC:AAUKF) announced a $1.6 billion writedown on its Woodsmith fertilizer project, leading to a $672 million loss for the first half of the year. The company is undergoing a comprehensive restructuring plan, focusing on divesting non-core units and concentrating on copper, iron ore, and crop nutrients. Despite setbacks, CEO Duncan Wanblad remains optimistic about the company's core divisions.

Portfolio Pulse from Stjepan Kalinic

July 25, 2024 | 5:09 pm

Anglo American's efforts to sell its Australian coal assets, including the Grosvenor mine, have been disrupted by a fire at the mine. This incident has caused a $20 per ton increase in coking coal prices and may delay the sale of the assets, potentially lowering the bidding price. The fire impacts global coal supply and could lead to shortages in the coming months.

Portfolio Pulse from Stjepan Kalinic

July 05, 2024 | 2:58 pm

Anglo American (OTC:AAUKF) has halted operations at its Grosvenor steelmaking coal mine in Queensland, Australia, following an underground coal gas ignition incident. The company expects the mine to be non-operational for several months, impacting its production guidance for the year.

Portfolio Pulse from Lekha Gupta

July 01, 2024 | 3:47 pm

South32's GEMCO shutdown due to cyclone damage has caused a significant supply shock in the manganese market, leading to a 33% price rally. The shutdown is expected to last until January 2025, affecting global supply and benefiting smaller miners like Jupiter Mines.

Portfolio Pulse from Stjepan Kalinic

June 13, 2024 | 2:57 pm

Nevada Copper (OTC:NEVDF) has filed for Chapter 11 bankruptcy due to operational setbacks and financing challenges, despite high copper prices. Elliott Investment Management has committed to support the company with $60 million in debtor-in-possession financing. Pala Investments and Mercuria Energy Group, key backers, decided against providing additional funds. The company's CEO, Randy Buffington, has stepped down, and Tom Albanese has taken over as chairman.

Portfolio Pulse from Stjepan Kalinic

June 12, 2024 | 6:04 pm

Benzinga reviewed the performance of popular stocks, highlighting Nvidia's dominance in the AI sector, a Shiba Inu investor's massive profit, GameStop's stock rally after a share offering, and criticisms of Alphabet's search engine quality. The article also covered Tesla's board's response to Glass Lewis's recommendation against Elon Musk's pay package.

Portfolio Pulse from Michael Cohen

June 01, 2024 | 1:32 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.