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Securities analysts have revised ratings and price targets for several European companies. Notable changes include JP Morgan raising Lloyds' target price to 62p and upgrading Societe Generale to overweight, while Citigroup increased Verbund's target to EUR 64. Other adjustments include Stifel raising Vusiongroup's target to EUR 215 and UBS cutting KGaA's target to EUR 28.2.
Arc Minerals has reported promising assay results from its joint venture with Anglo American in Zambia, revealing 0.6% copper over a 40-meter thickness and high-grade intersects of 1.7% copper. With significant funding of nearly $90 million from Anglo, the company is well-positioned for exploration in a region known for its copper potential. The ongoing rainy season has paused drilling, but plans are in place for a busy year ahead as they review data and prepare for future operations.
UBS has maintained a buy position on Anglo American, as reported by Cercle Finance. BOURSORAMA, acting solely as a distribution channel, emphasizes that it has not influenced the analysis, which is provided for informational purposes only and carries no contractual value. The institution adheres to strict conflict of interest management policies to ensure objectivity in its investment recommendations.
Commodities play a crucial role in the global economy, categorized into hard commodities like oil and gold, and soft commodities such as wheat and livestock. Investors can gain exposure through direct trading, spread betting, CFDs, or by using Exchange Traded Commodities (ETCs) and Exchange Traded Funds (ETFs), which track commodity performance without direct ownership. While ETCs focus on individual commodities and may carry counterparty risks, ETFs offer diversification and liquidity, often tracking futures contracts rather than physical assets.
Deutsche Bank AG is the only European lender among US investment bankers and private credit specialists financing Peabody Energy Corp.'s $2.1 billion bridge loan for acquiring coal assets from Anglo American Plc. The financing involves KKR & Co. and Jefferies Financial Group, with Deutsche Bank being the sole firm to publish a clear policy on coal.
[Bloomberg]
Anglo American Plc is set to sell an additional 6% of its platinum business to enhance the free float of its South African unit ahead of a complete exit. The company has initiated an accelerated book build offering for approximately 16 million shares in Anglo American Platinum Ltd., following a previous sale of about 14 million shares in September.
UBS is re-entering the wealth management sector in Australia, focusing on the increasing number of affluent women and family offices, as part of its Asia-Pacific expansion strategy. Meanwhile, Australia faces a significant shakeup in the gas-guzzler market with the introduction of new hybrid models, and the budget deficit is projected to exceed previous forecasts, reaching A$33.5 billion by mid-2025. Additionally, New Zealand's central bank is expected to cut interest rates again, reflecting aggressive monetary policy shifts in the region.
Peabody Energy Corp., the largest coal miner in the U.S., is shifting its focus to the global steel market by acquiring four Australian mines from Anglo American Plc for up to $3.78 billion. This deal will nearly triple Peabody's metallurgical coal output within two years, positioning the company as the world's third-largest exporter.
Anglo American Plc has agreed to sell its steelmaking coal business to Peabody Energy Corp. for up to $3.78 billion, part of a strategy to simplify and reduce its operations. This move follows a successful defense against a $49 billion bid from BHP Group earlier this year, resulting in a 2.9% rise in Anglo's shares during London trading.
Anglo American plc
Companies
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
analysts adjust ratings and price targets for several european companies
Swedish Krona
Euro
British Pound Sterling
Danish Krone
Swiss Franc
Intershop Dr. Zoltan Guzi GmbH
Mortgage Advice Bureau (Holdings) plc
Domino's Pizza Group plc
Petershill Partners plc
Natwest Group plc
SCHOTT Pharma AG & Co. KGaA
Just Eat Takeaway.com N.V.
CTS Eventim AG & Co. KGaA
Banco BPM S.p.A.
Aegon Ltd.
BELIMO Holding AG
Pennon Group plc
J D Wetherspoon plc
Moncler S.p.A.
Anglo American plc
H & m Hennes & Mauritz AB
Adecco Group SA
Verbund AG
GBL
Knorr-Bremse AG
Mediobanca Banca DI Credito Finanziario
Societe Generale SA
Renault
Melrose Industries plc
NKT A/S
FRA
CHE
AUT
IRL
ESP
ITA
SWE
DNK
GBR
DEU
NLD
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07:40 25.02.2025
arc minerals reports positive copper assay results from anglo american joint venture
Arc Minerals Limited
Barrick Gold Corporation
Anglo American plc
First Quantum Minerals Ltd.
ZMB
Nicholas Von Schirnding
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12:16 10.02.2025
ubs maintains buy rating on anglo american stock analysis
14:13 15.01.2025
Understanding Commodities Investment Strategies for 2025 and Beyond
19:06 17.12.2024
Deutsche Bank stands out in financing Peabody Energy's coal acquisition
United States Dollar
Deutsche Bank AG
Anglo American plc
KKR & Co. Inc.
Jefferies Financial Group Inc.
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21:00 02.12.2024
European stocks rise as technology gains offset tariff concerns
Euro
Anglo American plc
Direct Line Insurance Group plc
Delivery Hero SE
Aviva plc
Michael Msika
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17:57 29.11.2024
anglo american to divest additional 6 percent stake in amplats
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ubs targets wealthy women in australia with wealth management return
Australian Dollar
United States Dollar
Deloitte Access Economics
BYD
Peabody Energy Corporation
Anglo American plc
Reserve Bank
UBS
Adani Group
TotalEnergies SE
NZL
AUS
LBN
IND
CHN
ISR
Gautam Adani
Michael Marrone
Scott Bessent
Michael Herzog
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22:39 25.11.2024
peabody energy targets global steel market with major australian coal acquisition
19:52 25.11.2024
anglo american sells coal business to peabody energy for 3.8 billion
08:10 25.11.2024
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