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    AAL   GB00B1XZS820

ANGLO AMERICAN PLC

(AAL)
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Delayed London Stock Exchange  -  11:35 2022-08-08 am EDT
2949.00 GBX   +1.79%
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Anglo American's De Beers Reports Higher Diamond Sales for Cycle 5

06/22/2022 | 12:35am EDT

By Jaime Llinares Taboada


Anglo American PLC on Wednesday reported diamond sales of $650 million for the fifth sales cycle of 2022 running between June 6 and June 21.

The owner of the De Beers diamond mining company said that this compares with $604 million in the fourth cycle of 2022 and $477 million in the fifth cycle of 2021.

"Diamond jewelry demand continues to perform well in the key U.S. market, and this was reinforced by positive sentiment following the influential JCK Las Vegas jewelry trade show held in mid-June," De Beers Chief Executive Bruce Cleaver said.

"The continued strength of U.S. demand for diamond jewelry and the gradual reopening of retail outlets in China following Covid-19-related lockdowns have supported the sales momentum of De Beers Group's rough diamonds in the fifth sales cycle of the year," he said.


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


(END) Dow Jones Newswires

06-22-22 0235ET

Stocks mentioned in the article
ChangeLast1st jan.
ANGLO AMERICAN PLC 1.79% 2949 Delayed Quote.-3.95%
PLATINUM 0.84% 938.1 Delayed Quote.-3.77%
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Financials (USD)
Sales 2022 40 237 M - -
Net income 2022 6 979 M - -
Net Debt 2022 5 102 M - -
P/E ratio 2022 6,28x
Yield 2022 6,65%
Capitalization 43 371 M 43 371 M -
EV / Sales 2022 1,20x
EV / Sales 2023 1,26x
Nbr of Employees 106 000
Free-Float 92,2%
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Mean consensus OUTPERFORM
Number of Analysts 22
Last Close Price 35,72 $
Average target price 42,93 $
Spread / Average Target 20,2%
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Managers and Directors
Duncan Graham Wanblad 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
Ian Robert Ashby Independent Non-Executive Director
Sector and Competitors
1st jan.Capi. (M$)
ANGLO AMERICAN PLC-3.95%42 366
BHP GROUP LIMITED-6.48%135 408
RIO TINTO PLC0.73%99 092
GLENCORE PLC24.50%73 391
SAUDI ARABIAN MINING COMPANY (MA'ADEN)56.18%39 497
GRUPO MÉXICO, S.A.B. DE C.V.-14.87%28 982