Streetbeat News

NGLOY

Anglo American plc

http://www.angloamerican.com/

CEO

Mark Cutifani

Industry

Iron Ore Mining

Open

14.93

Mkt cap

36B

Volume

27K

High

15.10

P/E Ratio

-11.94

52-wk high

17.60

Low

14.85

Div yield

0.02

52-wk low

11.45

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

Coal prices are expected to rise in late summer and fall due to supply outages in Australia and the US. Key incidents include mine fires in Australia and West Virginia, and a lock and dam closure in Alabama. These disruptions will tighten supply, potentially benefiting coal producers like Anglo American, Peabody Energy, Warrior Met Coal, Alpha Metallurgical Resources, and Whitehaven Coal.

Portfolio Pulse from Matt Whittaker

July 22, 2024 | 6:31 pm

Canada Nickel Co.'s Crawford project in southeastern Canada, with 3.8 million metric tons of nickel reserves, aims to rival global giants in nickel production. The project is backed by Agnico Eagle Mines, Samsung SDI, and Anglo American. Production is expected to start by the end of 2027, pending permits. The Timmins area, traditionally a gold mining hub, now hosts several nickel miners.

Portfolio Pulse from Matt Whittaker

June 21, 2024 | 2:13 pm

The article discusses the breakout of metals such as silver, gold, and copper, and highlights the performance of various ETFs and stocks. It also mentions the shift in market sentiment as Wall Street's last bear changes his outlook. Additionally, it provides insights into money flows in major tech stocks and ETFs, and offers investment advice on protection bands and bond allocations.

Portfolio Pulse from The Arora Report

May 20, 2024 | 3:00 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

Zimbabwe's government has placed the Trojan Mine, the country's sole operating nickel mine, under administration due to insolvency, following a suspension in production caused by equipment failure and a significant drop in global nickel prices. The global nickel market has seen a downturn, with prices currently 25% lower than last year, primarily due to an oversupply from Indonesia. This situation has led to the reassessment of nickel operations globally, with mines like First Quantum Minerals' Ravensthorpe in Australia closing and BHP's Nickel West facing potential closure.

Portfolio Pulse from Stjepan Kalinic

May 03, 2024 | 4:18 pm

Anglo American (OTCQX:NGLOY) is potentially facing a bidding war as Glencore (OTCPK:GLCNF) considers making an offer after BHP (NYSE:BHP) had its $39-billion bid rejected. Discussions within Glencore are still preliminary. BHP is considering an improved offer and has sent executives to South Africa to discuss its proposal, focusing on divesting Anglo's South African assets. The situation is complicated by Glencore's ongoing acquisition of Teck's coal assets and the complex political landscape in South Africa. Copper assets, like those owned by Anglo American in Chile and Peru, are seeing increased valuation due to their importance in clean energy technologies.

Portfolio Pulse from Stjepan Kalinic

May 03, 2024 | 12:43 pm

Elliott Management has acquired a $1 billion stake in Anglo American (OTCQX:NGLOY), pressuring the company after its rejection of a $39 billion takeover bid from BHP Group (NYSE:BHP). This move by Elliott, known for advocating strategic changes in its investments, comes as copper prices soar, potentially increasing Anglo American's value. Elliott's history includes pressuring BHP in 2017 and involvement with Kinross Gold (NYSE:KGC) and Triple Flag Precious Metals (NYSE:TFPM), indicating a strategic interest in the mining sector.

Portfolio Pulse from Stjepan Kalinic

April 26, 2024 | 7:56 pm

Anglo American (OTCQX:NGLOY) has rejected a $39-billion all-share takeover bid from BHP Group (NYSE:BHP), labeling the offer as 'highly unattractive' and undervalued. The rejection is based on the proposal's failure to adequately value Anglo American's prospects, particularly its significant copper holdings. BHP's bid, which was seen as a 31% premium over Anglo American's market price, also requires Anglo American to complete demergers of its shareholdings in Anglo American Platinum and Kumba Iron Ore. The board of Anglo American unanimously rejected the bid, citing 'substantial uncertainty and execution risk.' The proposed merger could have been the biggest shakeup in the global mining industry in over a decade, but concerns over limited operational synergies and undervaluation have been raised by analysts and shareholders.

Portfolio Pulse from Stjepan Kalinic

April 26, 2024 | 12:56 pm

BHP Group Ltd (NYSE:BHP) has proposed to acquire Anglo American Plc (OTC:AAUKF) (OTC:NGLOY) in a significant industry move. The deal, valued at $34 billion, is contingent on Anglo divesting its South African units. This merger could create the world's leading copper producer. BHP's stock gained over 3% in the last 12 months, with exposure through PTIN and AVDE ETFs. However, BHP shares dropped 3.12% in premarket trading.

Portfolio Pulse from Shivani Kumaresan

April 25, 2024 | 9:30 am

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