Streetbeat News

ANGPY

Anglo American Platinum Limited

https://www.angloamericanplatinum.com/

CEO

Natascha Viljoen

Industry

Crushed and Broken Limestone Mining and Quarrying

Open

5.38

Mkt cap

8.8B

Volume

143K

High

5.56

P/E Ratio

22.20

52-wk high

7.69

Low

5.30

Div yield

0.03

52-wk low

4.80

Anglo American Platinum, a major South African platinum producer, could see significant gains if platinum prices rebound in 2025. The company's shares (ANGPY) offer leveraged returns on platinum price movements, with potential for substantial upside and limited downside risk.

Portfolio Pulse from

January 09, 2025 | 7:00 pm

RBC Capital Markets analyst Marina Calero suggests a Glencore (OTC:GLNCY) and Anglo American (OTC:NGLOY) merger would offer more synergies than BHP Group's (NYSE:BHP) $39 billion offer for Anglo American. The potential Glencore-Anglo merger could leverage closer asset proximity and marketing synergies, particularly in copper and coal sectors. Anglo American rejected BHP's offer, citing it as too low and unattractive due to conditions requiring divestitures of Anglo American Platinum Ltd. (OTC:ANGPY) and Kumba Iron Ore Ltd. (OTC:KIROY). A Glencore-Anglo merger might retain these assets, offering a strategic advantage.

Portfolio Pulse from Matt Whittaker

May 03, 2024 | 5:46 pm

BHP Group's nearly $40 billion bid for Anglo American may spark a bidding war for the copper-rich company, as demand for copper surges with the global shift towards clean energy. BHP's offer, seen as low by analysts, could lead to higher bids from rivals like Glencore, Vale, and Rio Tinto. The deal highlights the increasing value of copper assets amid a global scramble for resources essential to the clean energy transition.

Portfolio Pulse from Matt Whittaker

April 25, 2024 | 9:53 pm

JP Morgan analyst Christopher Horvers maintains a Neutral rating on Anglo American Platinum (OTC:ANGPY) and lowers the price target from $41 to $33.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 4:19 pm

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