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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Anglo American plc    AAL   GB00B1XZS820

ANGLO AMERICAN PLC

(AAL)
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Anglo American : Kumba Iron Ore Profit Surges on Stronger Prices, Currency

02/23/2021 | 02:34am EST

By Jaime Llinares Taboada

Kumba Iron Ore Ltd., the subsidiary of Anglo American PLC, on Tuesday posted an improved profit for 2020 driven by stronger prices and currency effects.

The South African iron-ore mining company made a pretax profit of 41.20 billion rand ($2.81 billion), up from ZAR29.25 billion in 2019.

Production declined during the period, but Kumba benefited from stronger iron ore prices and the depreciation of the rand against the dollar. As a result, its earnings before interest, taxes, depreciation and amortization margin improved to 57% from 52%.

The company declared a final dividend of ZAR41.30, bringing the full-year payment to ZAR60.90, up from ZAR46.78 in 2019.

For 2021, Kumba guided for production of between 40 million and 41 million metric tons. This would be up from 37 million tons in 2020.

Anglo American said that it expects to report segmental underlying Ebitda for iron ore, including Kumba, of $2.7 billion.

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

(END) Dow Jones Newswires

02-23-21 0234ET

Stocks mentioned in the article
ChangeLast1st jan.
ANGLO AMERICAN PLC 1.46% 2841.5 Delayed Quote.17.20%
PLATINUM -0.13% 1262.492 Delayed Quote.16.83%
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Financials (USD)
Sales 2020 29 036 M - -
Net income 2020 2 431 M - -
Net Debt 2020 7 002 M - -
P/E ratio 2020 20,4x
Yield 2020 2,24%
Capitalization 54 797 M 54 578 M -
EV / Sales 2020 2,13x
EV / Sales 2021 1,66x
Nbr of Employees 60 000
Free-Float 90,8%
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Technical analysis trends ANGLO AMERICAN PLC
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 22
Average target price 41,10 $
Last Close Price 40,20 $
Spread / Highest target 26,3%
Spread / Average Target 2,24%
Spread / Lowest Target -34,4%
EPS Revisions
Managers and Directors
NameTitle
Mark Cutifani Chief Executive Officer & Executive Director
Stephen Thomas Pearce Finance Director & Executive Director
Stuart John Chambers Chairman
Anthony Martin O'Neill Executive Director & Group Technical Director
Anne L. Stevens Independent Non-Executive Director
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