Anglo American (AAL)

Sector:

Mining

Index:

FTSE 100

2,656.50p
   
  • Change Today:
      21.50p
  • 52 Week High: 3,444.00
  • 52 Week Low: 2,213.50
  • Currency: UK Pounds
  • Shares Issued: 1,346.64m
  • Volume: 486,804
  • Market Cap: £35,774m
  • RiskGrade: 209
  • Beta: 2.29

Credit Suisse stays 'underweight' on non-financial cyclicals but adds to miners

By Alexander Bueso

Date: Tuesday 03 Aug 2021

LONDON (ShareCast) - (Sharecast News) - Analysts at Credit Suisse reiterated their 'underweight' stance for most European non-financial cyclicals on valuation grounds - but not on miners.

According to the Swiss broker, stocks in the sector were pricing-in Purchasing Managers' Indices at 73.0 points which were consistent with euro area GDP growth of 6.5%.

Furthermore, relative price-to-earnings and price-to-book values were right at the top of their valuation range with cyclicals having outperformed more than in any other period from peak to trough.

"We are underweight hotels, retailing, parts of capital goods, freight forwarders and luxury (we reduce our weightings in all of these areas to make up for an increase to our weighting in mining)," they said in a research report sent to clients.

Mining however had outperformed in many periods when cyclicals had underperformed.

Macro was now "much more" supportive too, they explained.

The bulk of Chinese tightening and the slowdown in PMIs was now behind investors, economists at Credit Suisse expected momentum in global industrial production to accelerate and inflation expectations were set to rise.

They also believed the so-called 'bear market rally' in the US dollar was "close to an end".

Among other stocks, Credit Suisse highlighted shares of Anglo American, Rio Tinto, First Quantum, Alcoa and South 32.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Anglo American Market Data

Currency UK Pounds
Share Price 2,656.50p
Change Today 21.50p
% Change 0.82 %
52 Week High 3,444.00
52 Week Low 2,213.50
Volume 486,804
Shares Issued 1,346.64m
Market Cap £35,774m
Beta 2.29
RiskGrade 209

Anglo American Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
99.49% above the market average99.49% above the market average99.49% above the market average99.49% above the market average99.49% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Price Trend
8.06% above the market average8.06% above the market average8.06% above the market average8.06% above the market average8.06% above the market average
38.69% above the sector average38.69% above the sector average38.69% above the sector average38.69% above the sector average38.69% above the sector average
Income
94.02% above the market average94.02% above the market average94.02% above the market average94.02% above the market average94.02% above the market average
73.91% above the sector average73.91% above the sector average73.91% above the sector average73.91% above the sector average73.91% above the sector average
Growth
9.02% above the market average9.02% above the market average9.02% above the market average9.02% above the market average9.02% above the market average
70% below the sector average70% below the sector average70% below the sector average70% below the sector average70% below the sector average

What The Brokers Say

Strong Buy 13
Buy 2
Neutral 4
Sell 0
Strong Sell 2
Total 21
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Anglo American Dividends

  Latest Previous
  Special Interim
Ex-Div 19-Aug-21 19-Aug-21
Paid 24-Sep-21 24-Sep-21
Amount 80.00¢ 171.00¢

Trades for 29-Nov-2021

Time Volume / Share Price
09:00 224 @ 2,656.50p
09:00 256 @ 2,656.00p
09:00 871 @ 2,656.00p
09:00 480 @ 2,655.00p
09:00 110 @ 2,655.50p

Anglo American Key Personnel

CEO Mark Cutifani
Finance Director Stephen Pearce
Chair Stuart J Chambers

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