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Pin to quick picksAnglo American Share News (AAL)

Share Price Information for Anglo American (AAL)

London Stock Exchange
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Share Price: 2,643.00
Bid: 2,656.50
Ask: 2,660.00
Change: 83.00 (3.24%)
Spread: 3.50 (0.132%)
Open: 2,540.00
High: 2,721.00
Low: 2,518.50
Prev. Close: 2,560.00
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.

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1 Feb 2024 15:52

UK earnings, trading statements calendar - next 7 days

Friday 2 February 
YouGov PLCTrading Statement
Monday 5 February 
Home REIT PLCTrading Statement
Porvair PLCFull Year Results
Trident Royalties PLCTrading Statement
Vodafone Group PLCTrading Statement
Tuesday 6 February 
Alumasc Group PLCHalf Year Results
BP PLCFull Year Results
Filtronic PLCHalf Year Results
Mattioli Woods PLCHalf Year Results
Renishaw PLCHalf Year Results
Virgin Money UK PLCTrading Statement
Wednesday 7 February 
Ashmore Group PLCHalf Year Results
Barratt Developments PLCHalf Year Results
HydrogenOne Capital Growth PLCTrading Statement
Phoenix Spree Deutschland LtdTrading Statement
PZ Cussons PLCHalf Year Results
Smurfit Kappa Group PLCFull Year Results
UK Commercial Property REIT LtdTrading Statement
Thursday 8 February 
Anglo American PLCTrading Statement
AstraZeneca PLCFull Year Results
British American Tobacco PLCFull Year Results
Compass Group PLCTrading Statement
Redrow PLCHalf Year Results
SSE PLCTrading Statement
Unilever PLCFull Year Results
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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31 Jan 2024 08:05

TOP NEWS: Anglo American first rough diamond sales in 2024 surges

(Alliance News) - Anglo American PLC on Wednesday said rough diamond sales by De Beers in the first cycle of 2024 soared compared to the last cycle of 2023, partly thanks to the resumption of imports into India, but sales still were well down an annual basis.

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31 Jan 2024 07:06

Anglo's De Beers sees diamond sales jump in first sale of 2024

(Sharecast News) - De Beers, the diamond division of mining giant Anglo American, has reported encouraging further signs of stabilisation in the diamond market after a big jump in revenues from its first sales tender of the new financial year.

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26 Jan 2024 17:02

LONDON MARKET CLOSE: Stocks up as Fed's preferred inflation read cools

(Alliance News) - Stock prices in London closed up on Friday, as investors predicted and responded positively to a cooling inflation read in the US.

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26 Jan 2024 12:11

LONDON MARKET MIDDAY: China growth measures and LVMH lift mood

(Alliance News) - Stock prices in London were up at midday, with investors optimistic ahead of a key US inflation reading.

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24 Jan 2024 17:15

British equities hit one-week high as China pledges boost sentiment

China stimulus hopes lift miners

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24 Jan 2024 17:03

LONDON MARKET CLOSE: PMI data and China bank measures boost stocks

(Alliance News) - Stock prices in London closed up on Wednesday amid a host of strong PMI data from around the world, while bank measures in China boosted blue-chip miners.

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24 Jan 2024 16:31

London close: Stocks rise on positive news from China

(Sharecast News) - London markets finished with a positive performance on Wednesday, driven by gains in the mining sector following China's announcement of an upcoming reduction in the reserve requirement ratio for banks.

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24 Jan 2024 12:08

LONDON MARKET MIDDAY: UK PMI data and China bank measures lift mood

(Alliance News) - Stock prices in London were up midday Wednesday, buoyed by data showing the start of the year has been decent for the UK private sector, while mining firms were boosted by efforts out of China to boost growth.

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24 Jan 2024 08:48

LONDON MARKET OPEN: Stocks head higher; miners lead gains for FTSE

(Alliance News) - Stock prices in London opened higher on Wednesday, with large-cap miners outperforming on news of stimulus measures from China.

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23 Jan 2024 17:46

London close: Stocks slip as focus shifts to US earnings

(Sharecast News) - London's stock markets experienced a downturn on Tuesday, despite the release of favourable UK borrowing figures as investors turned their focus to earnings from prominent US companies on Wall Street.

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23 Jan 2024 17:10

FTSE 100 ends flat as insurers overshadow miners boost

Miners rise after talks of China stimulus

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19 Jan 2024 09:28

LONDON BROKER RATINGS: BofA cuts Pearson, raises Just Eat Takeaway

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:

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19 Jan 2024 06:50

IN BRIEF: Marula Mining issues shares for new licenses in Tanzania

Marula Mining PLC - battery metals mine developer with projects in South Africa, Tanzania and Zambia - Nyorinyori and NyoriGreen graphite projects in Tanzania, east Africa, are granted seven new mining licenses. Takela Mining Tanzania Ltd and NyoriGreen Mining Ltd had applied for the licenses last month. They run for seven years, and Marula has a 75% commercial interest. Marula pays TMT and NML USD25,000 per license from the issue of 1.1 million new Marula shares in total at a price of 13.5 pence.

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17 Jan 2024 15:03

London close: Stocks slip after surprise jump in UK inflation

(Sharecast News) - London's financial markets experienced a downturn on Wednesday, as a surprising increase in UK inflation and sluggish Chinese GDP growth impacted investor sentiment.

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