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MarketScreener Homepage  >  Equities  >  Johannesburg Stock Exchange  >  Anglo American Platinum Limited    AMS   ZAE000013181

ANGLO AMERICAN PLATINUM LIMITED

(AMS)
  Report
End-of-day quote. End-of-day quote Johannesburg Stock Exchange - 11/26
1168.89 ZAR   +5.85%
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AA Platinum 3Q Production Fell 2%; Cuts 2020 Refined Production View

10/22/2020 | 03:10am EST

By Jaime Llinares Taboada

Anglo American Platinum Ltd. on Thursday reported lower third-quarter production compared with the same period in 2019, and cut its full-year guidance for refined production and sales volumes.

The South African miner, which is majority-owned by Anglo American PLC, said that its production of platinum-group metals--which includes platinum, palladium, rhodium, iridium, ruthenium and gold--declined 2% to 1.11 million ounces for the three months ended Sept. 30. This was largely driven by a 23% decline in volumes at its joint operations, due to the impact of the coronavirus pandemic and security stoppages at the Modikwa site in South Africa--where Anglo American reported a fatality during the period.

Sales volumes were up 6% at 1.22 million ounces. This was mainly driven by a threefold increase in trading, which offset a 16% decline in sales from operations.

AA Platinum improved its full-year production guidance to 3.6 million-3.8 million platinum group metal ounces from 3.1 million-3.6 million ounces previously.

However the group cut its expectations for refined production to 3.1 million-3.3 million ounces, the lower half of its previous guidance range, due to operational issues at its Anglo Converter Plant. Sales volumes expectations were also revised down to 3.1 million-3.3 million ounces from the previous view of 3.1 million-3.6 million ounces.

Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT

(END) Dow Jones Newswires

10-22-20 0309ET

Stocks mentioned in the article
ChangeLast1st jan.
ANGLO AMERICAN PLATINUM LIMITED 5.85% 1168.89 End-of-day quote.-10.59%
ANGLO AMERICAN PLC 3.84% 2294 Delayed Quote.3.36%
DOW JONES AFRICA TITANS 50 INDEX 0.12% 504.09 Delayed Quote.-6.44%
DOW JONES SOUTH AFRICA(ZAR) 1.10% 1709.51 Delayed Quote.-6.29%
PALLADIUM 1.17% 2402 Delayed Quote.25.11%
PLATINUM 1.43% 981.772 Delayed Quote.0.46%
S&P AFRICA 40 INDEX 0.73% 163.52 Delayed Quote.-5.78%
THE PLATINUM GROUP PUBLIC COMPANY LIMITED 1.59% 2.56 End-of-day quote.-37.25%
All news about ANGLO AMERICAN PLATINUM LIMITED
11/18Consortium pulls plug on S.Africa's Thabametsi coal plant
RE
11/17Consortium pulls plug on S.Africa's Thabametsi coal plant
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11/16ANGLO AMERICAN PLATINUM : Announces platafrica 2020 winners
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11/10ANGLO AMERICAN PLATINUM : Limpopo Mines Destroy Communities
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11/06ANGLO AMERICAN : Platinum closes acp phase b resulting in temporary build in wor..
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11/05S.Africa' Amplats cuts refined production guidance after closure of processin..
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11/05S.Africa' Amplats cuts refined production guidance after closure of processin..
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11/05AA Platinum Cuts 2020 Guidance on Closure of Converter Plant
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10/26ANGLO AMERICAN PLATINUM : Platafrica announces finalists for 2020 jewellery manu..
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10/23Sibanye-Stillwater Inks Wage Agreement With Kroondal Mine Workers
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More news
Financials
Sales 2020 116 B 7 553 M 7 553 M
Net income 2020 23 975 M 1 555 M 1 555 M
Net cash 2020 21 504 M 1 394 M 1 394 M
P/E ratio 2020 12,0x
Yield 2020 3,61%
Capitalization 290 B 18 759 M 18 814 M
EV / Sales 2020 2,31x
EV / Sales 2021 1,36x
Nbr of Employees 22 601
Free-Float 21,2%
Chart ANGLO AMERICAN PLATINUM LIMITED
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Technical analysis trends ANGLO AMERICAN PLATINUM LIMITED
Short TermMid-TermLong Term
TrendsBearishBearishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 8
Average target price 1 298,25 ZAR
Last Close Price 1 126,19 ZAR
Spread / Highest target 59,8%
Spread / Average Target 15,3%
Spread / Lowest Target -16,5%
EPS Revisions
Managers
NameTitle
Natascha Viljoen Chief Executive Officer
Norman Bloe Mbazima Chairman
Craig Miller Finance Director & Director
Gordon Smith Executive Head-Technical
Richard Matthew Wingfield Dunne Independent Non-Executive Director
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