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Pin to quick picksAnglo American Share News (AAL)

Share Price Information for Anglo American (AAL)

London Stock Exchange
Share Price is delayed by 15 minutes
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Share Price: 2,502.00
Bid: 2,498.50
Ask: 2,500.00
Change: 12.00 (0.48%)
Spread: 1.50 (0.06%)
Open: 2,485.50
High: 2,525.00
Low: 2,485.50
Prev. Close: 2,490.00
AAL Live PriceLast checked at -

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JPMorgan downgrades Ferrexpo but lifts price target

Wed, 15th Jul 2020 13:05

(Sharecast News) - JPMorgan Cazenove downgraded its stance on shares of iron ore company Ferrexpo to 'underweight' from 'neutral' on Wednesday following the recent rise in the share price, as it took a look at the metals and mining sector.
JPM, which lifted its price target on the stock to 150p from 130p, pointed to valuation and the risk of lower iron ore prices in the second half and 2021 following an 80% jump in the share price since March.

The bank said it remains most bullish on gold and its top EMEA picks are overweight-rated Polymetal, Polyus and Gold Fields.

It lifted its price target for Glencore to 200p from 180p but maintained its 'underweight' stance due to its perception of higher operating and regulatory risks.

JPM also boosted its price target on overweight-rated BHP to 1,950p from 1,830p, and on neutral-rated Rio Tinto to 5,440p from 5,140p, citing higher iron ore and base metals prices.

However, it cut the price target on overweight-rates Anglo American to 2,600p from 2,650p due to weakness in coal, diamonds and supply risks in South Africa and South America.

More News
11 Sep 2023 11:45

LONDON MARKET MIDDAY: FTSE 100 boosted by China-exposed stocks

(Alliance News) - London's FTSE 100 was higher at midday Monday, amid optimism towards China which helped boost mining stocks, and ahead of a busy week of economic data and monetary policy decisions.

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11 Sep 2023 09:15

CORRECT: LONDON MARKET OPEN: FTSE 100 higher thanks to miners

(Correcting the day of the week in the opening sentence, and the closing percentages for US equities.)

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11 Sep 2023 09:10

LONDON MARKET OPEN: FTSE 100 higher thanks to miners

(Alliance News) - The FTSE 100 in London opened higher on Friday, thanks to miners rising on the back of some hopeful data that China's economy is improving.

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7 Sep 2023 16:56

LONDON MARKET CLOSE: FTSE 100 outperforms on bets of peak in UK rates

(Alliance News) - The FTSE 100 ended in the green on Thursday, after a weak start to the day, as the narrative around the future of UK interest rates shifted following dovish words from central bank chief Andrew Bailey.

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7 Sep 2023 15:57

London close: Stocks mixed as weaker pound lifts FTSE 100

(Sharecast News) - London's stock market presented a mixed close on Thursday, with the bourse's top-flight index ending in positive territory, buoyed by a weakening pound.

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7 Sep 2023 09:01

LONDON MARKET OPEN: Melrose shines on guidance; Synthomer sinks

(Alliance News) - Stock prices in London opened in the red on Thursday, as concerns over oil prices, interest rates and weak Chinese data sapped risk appetite across global equities.

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6 Sep 2023 21:11

Chile's miners ready to absorb higher domestic royalties, Fitch says

SANTIAGO, Sept 6 (Reuters) - Mining companies operating in Chile, the world's top copper producer, are well positioned to absorb higher domestic royalties required by a new law enacted by the country's leftist government, Fitch ratings agency said on Wednesday.

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5 Sep 2023 08:51

LONDON MARKET OPEN: Stocks fall; oil prices stoke inflation fears

(Alliance News) - Stock prices in London opened lower on Tuesday, with the FTSE 100 index weighed down by retailers and stocks with Chinese exposure.

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4 Sep 2023 08:51

LONDON MARKET OPEN: Stocks lifted by hopes for US rate pause

(Alliance News) - Stock prices in London opened higher on Monday, as risk sentiment across the globe improved following developments in the US labour market and in China.

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31 Aug 2023 13:35

Coal miners forced to save for a rainy day by insurance snub

LONDON, Aug 31 (Reuters) - Some coal producers are having to set aside tens of millions of dollars to cover their own risks as they are cut adrift by insurers, making it more difficult and costly to do business amid a surge in demand for the fossil fuel.

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30 Aug 2023 08:16

TOP NEWS: Anglo American rough diamond sales for De Beers falls

(Alliance News) - Anglo American PLC on Wednesday said the value of rough diamond sales at its De Beer arm fell in the seventh sales cycle of 2023.

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30 Aug 2023 07:21

Anglo sees continued soft demand for De Beers diamonds

(Sharecast News) - FTSE 100 mining group Anglo American has announced another large fall in diamond revenues from the latest sales cycle at subsidiary De Beers, saying that buyers were being "prudent" because of the macro environment.

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22 Aug 2023 12:06

LONDON MARKET MIDDAY: US tech gains lift mood ahead of Jackson Hole

(Alliance News) - Stocks in London were on the up heading into Tuesday afternoon, as a tech rally in the US lifted the mood in Europe, helping the FTSE 100 eat into some of its August loss.

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21 Aug 2023 12:31

Thungela pushes ahead with acquisition plans even as coal prices fall

Coal producer to continue with plans to acquire more assets

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21 Aug 2023 07:16

Thungela first-half profit hit by rail woes and lower coal prices

NAIROBI, Aug 21 (Reuters) - Thungela Resources, South Africa's largest shipper of coal burned in power stations, suffered a 69% drop in first-half profit, hit by lower prices and transportation problems, it said on Monday.

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