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

ANGLO AMERICAN PLC

(AAL)
  Report
Delayed Quote. Delayed London Stock Exchange - 01/22 11:35:07 am
2627.5 GBX   -1.52%
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FTSE rebounds as commodities stocks recover

02/12/2018 | 12:17pm EST
People walk through the lobby of the London Stock Exchange in London

LONDON (Reuters) - British shares rebounded on Monday after a tough week, thanks to a relief rally in commodities stocks.

But with market volatility tipped to stay elevated, investors were divided over whether to buy the dip.

The FTSE 100 was up 1.2 percent at 7,177.06 points at its close, regaining some of last week's losses but still near a 13-month low. Some 147 billion pounds was wiped off the leading UK stock index in the past two weeks as heady markets nosedived.

Energy, materials and financials gave the index its biggest boost as the cyclical stocks that had suffered the worst losses last week led the gains.

Oil majors Royal Dutch Shell <RDSa.L> and BP (>> BP) both rose around 2 percent, as crude prices also recovered from last week's declines.

Miners Anglo American (>> Anglo American), Glencore (>> Glencore), BHP Billiton (>> BHP Billiton Plc) and Rio Tinto (>> Rio Tinto) were among the biggest gainers, with steel producer Evraz (>> Evraz) top of the FTSE, up 5.8 percent, as metals prices rose.

Some investors said they were staying on the sidelines while the market mood developed.

"If anything, we will be looking to sell into rallies rather than buying into dips," said Daniel Lockyer, senior fund manager at Hawksmoor Investment Management.

"What's changed, I think, is the psychological element of markets where just a month ago everyone thought it was a market that only went up and volatility always stayed low. You just needed to have a couple of down days and spikes in the VIX to change that mentality."

While many recommended "buying the dip" in stocks last week, arguing growth remained strong and European valuations were still attractive, investors seemed reluctant to make assertive bets with volatility still high.

"We will wait a few more days to see where markets will stabilise before implementing an overweight in our portfolios," said Valentin Bissat, European equity strategist at Mirabaud Asset Management. He remained supportive on equities.

The FTSE 250 gained 0.8 percent, with some big moves on broker notes and results.

Victrex (>> Victrex) shares jumped as much as 5.5 percent after the mid-cap polymer firm got a double upgrade from Bank of America Merrill-Lynch to 'buy'.

Tourism and insurance group Saga (>> Saga) gained 3.7 percent after it said it had signed a quote share deal with NewRe and German reinsurer Hannover Re (>> Hannover Rückversicherung).

Bucking the trend in the mining sector was Acacia Mining (>> Acacia Mining), down nearly 4 percent after scrapping its 2017 dividend.

Tanzania's largest gold miner also said full-year core earnings dropped by more than a third due to a ban on unprocessed mineral exports in the country.

Small-cap UP Global Sourcing (>> UP Global Sourcing Holdings PLC) sank 47.5 percent after a trading update which Shore Capital analyst Darren Shirley called 'disappointing".

(Reporting by Helen Reid and Kit Rees, editing by Larry King)

By Helen Reid


© Reuters 2018
Stocks mentioned in the article
ChangeLast1st jan.
ACACIA MINING PLC 0.00%End-of-day quote.27.66%
ANGLO AMERICAN PLC -1.52% 2627.5 Delayed Quote.8.37%
BANK OF AMERICA CORPORATION -0.69% 31.55 Delayed Quote.4.82%
BP PLC -1.14% 290 Delayed Quote.13.81%
CHANGE INC. -4.66% 3475 End-of-day quote.-1.42%
EVRAZ PLC -0.89% 515 Delayed Quote.9.20%
GLENCORE PLC -2.06% 270.8 Delayed Quote.16.22%
HANNOVER RÜCK SE -2.06% 132.8 Delayed Quote.1.92%
HSBC HOLDINGS PLC -1.51% 407.35 Delayed Quote.7.52%
JUST GROUP PLC -1.25% 78.75 Delayed Quote.12.66%
LETS HOLDINGS GROUP CO., LTD. 5.79% 7.86 End-of-day quote.1.03%
LLOYDS BANKING GROUP PLC -1.54% 34.77 Delayed Quote.-4.58%
LOOK HOLDINGS INCORPORATED -1.40% 918 End-of-day quote.-4.08%
MSCI UNITED KINGDOM (STRD, UHD) -0.69% 1069.389 Real-time Quote.4.45%
NEXT PLC -2.99% 7914 Delayed Quote.11.69%
PRUDENTIAL PLC -2.17% 1395 Delayed Quote.3.56%
RIO TINTO PLC -0.81% 5876 Delayed Quote.7.42%
SAGA PLC -5.58% 294.2 Delayed Quote.16.28%
UP GLOBAL SOURCING HOLDINGS PLC -1.07% 138.5 Delayed Quote.14.94%
VICTREX PLC -0.58% 2420 Delayed Quote.3.15%
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Financials (USD)
Sales 2020 27 824 M - -
Net income 2020 2 501 M - -
Net Debt 2020 6 642 M - -
P/E ratio 2020 18,2x
Yield 2020 2,46%
Capitalization 48 995 M 48 936 M -
EV / Sales 2020 2,00x
EV / Sales 2021 1,62x
Nbr of Employees 60 000
Free-Float 89,4%
Chart ANGLO AMERICAN PLC
Duration : Period :
Anglo American plc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ANGLO AMERICAN PLC
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 22
Average target price 39,14 $
Last Close Price 35,94 $
Spread / Highest target 32,7%
Spread / Average Target 8,88%
Spread / Lowest Target -33,1%
EPS Revisions
Managers and Directors
NameTitle
Mark Cutifani Chief Executive Officer & Executive Director
Stuart John Chambers Chairman
Stephen Thomas Pearce Finance Director & Executive Director
Anthony Martin O'Neill Executive Director & Group Technical Director
Anne L. Stevens Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
ANGLO AMERICAN PLC8.37%48 936
BHP GROUP8.72%165 831
RIO TINTO PLC7.42%134 218
GRUPO MÉXICO, S.A.B. DE C.V.7.24%35 143
FRESNILLO PLC-3.41%10 985
TECK RESOURCES LIMITED12.86%10 901