The City News: Anglo American plc (AAL), Antofagasta plc (ANTO), Rio Tinto plc (RIO) & More

Page 1 of 2

Editor’s Note: Related tickers: Deutsche Bank AG (NYSE:DB), Credit Suisse Group AG (NYSE:CS), Bank of America Corp (NYSE:BAC), Morgan Stanley (NYSE:MS), Prudential plc (LON:PRU), Rio Tinto plc (LON:RIO), Antofagasta plc (LON:ANTO), Anglo American plc (LON:AAL), MAN GROUP PLC ORD USD0.03428571 (LON:EMG), Anglo American Platinum Ltd(ADR) (OTCMKTS:AGPPY)

Rio Tinto plc (ADR) (NYSE:RIO)

Anglo American Platinum to Scale Back S African Job Cuts (4-Traders)
Anglo American plc (LON:AAL) platinum arm is expected to scale back plans to cut 14,000 mining jobs in South Africa as its restructuring plans come under pressure from the government, Reuters reported Thursday. Anglo American Platinum Ltd(ADR) (OTCMKTS:AGPPY), which is majority-owned by U.K.-listed miner Anglo American plc (LON:AAL), announced in January plans to cut annual production and mothball two of its mines in Rustenburg, putting 14,000 jobs at risk. The announcement sparked a backlash from the government and ruling African National Congress. Party members accused Anglo American Platinum, the world’s largest platinum producer, of not being committed to mining in South Africa.

Anglo American’s Hold Rating Reaffirmed at Liberum Capital (AAL) (UtahPeoplesPost)
Anglo American plc (LON:AAL)’s stock had its “hold” rating reiterated by investment analysts at Liberum Capital in a note issued to investors on Friday, ARN reports. Anglo American plc (LON:AAL) traded up 4.30% on Friday, hitting GBX 1635.50. Anglo American has a 52-week low of GBX 1540.00 and a 52-week high of GBX 2399.50. The stock’s 50-day moving average is currently GBX 1907.. The company’s market cap is £20.852 billion.

Antofagasta plc’s “Hold” Rating Reaffirmed at Fox-Davies Capital (ANFGY) (Zolmax)
Fox-Davies Capital reaffirmed their hold rating on shares of Antofagasta plc (LON:ANTO) in a report issued on Wednesday, Analyst Ratings.Net reports. Antofagasta plc (LON:ANTO) traded up 7.60% on Wednesday, hitting $30.43. Antofagasta plc has a 1-year low of $26.65 and a 1-year high of $45.31. The stock’s 50-day moving average is currently $30.5. The company has a market cap of $15.000 billion and a price-to-earnings ratio of 13.51. …Antofagasta plc (LON:ANTO), is a Chile-based copper mining company with interests in transport and water distribution.

Antofagasta Given Underweight Rating at Morgan Stanley (ANTO) (UtahPeoplesPost)
Morgan Stanley (NYSE:MS) reiterated their underweight rating on shares of Antofagasta plc (LON:ANTO) in a research report sent to investors on Wednesday morning, Stock Ratings Network.com reports. The firm currently has a GBX 880 ($13.63) price target on the stock. Several other analysts have also recently commented on the stock. Analysts at Canaccord Genuity reiterated a hold rating on shares of Antofagasta plc (LON:ANTO) in a research note to investors on Wednesday.

Australia’s Biggest Coal Port Faces Industrial Action (FoxBusiness)
Rio Tinto plc (LON:RIO) and Glencore Xstrata PLC (LON:GLEN) are major shareholders in PWCS, which exports coal mostly to Japan and China. The terminal handles more than 105 million metric tons of coal annually at its facilities in the city of Newcastle in Australia’s New South Wales state. Both companies use the terminal for their coal exports. The Maritime Union of Australia, the Transport Workers Union, the Electrical Trade Union, and the Australian Manufacturing Workers Union said in a joint statement that talks with PWCS had reached an impasse after more than eight months, and that workers had voted in favor of industrial action.

Rio Tinto plc Receives Buy Rating from Liberum Capital (RTP) (MideastTime)
Rio Tinto plc (LON:RIO)’s stock had its “buy” rating reaffirmed by Liberum Capital in a research note issued on Friday, Stock Ratings Network reports. RTP has been the subject of a number of other recent research reports. Analysts at Jefferies Group reiterated a “buy” rating on shares of Rio Tinto plc (LON:RIO) in a research note to investors on Thursday. Separately, analysts at Deutsche Bank AG (NYSE:DB) reiterated a “buy” rating on shares of Rio Tinto plc (LON:RIO) in a research note to investors on Thursday. Finally, analysts at Nomura reiterated a “buy” rating on shares of Rio Tinto plc (LON:RIO) in a research note to investors on Tuesday.

Page 1 of 2

Biotech Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

Best Travel Destinations in Australia

World’s Most Expensive Musical Instruments

World’s Most Famous Animals

Most Expensive Cakes in the World

Most Expensive Kosher Champagne in the World

Most Expensive Kosher Wine in the World

The Most Surprisingly Dark Fairy Tales

Most Popular Travel Destinations in Asia

The 10 Most Expensive Dresses Ever Worn to the Oscars

World’s Most Visited Art Museums

Best Countries for Photographers to Work in

Best Paid Jobs in the Film Industry

The Most Renowned Recovered Paintings Ever

Child Stars That Turned out Just Fine

Books That Were Banned in the Past Century

World’s Richest Dancers

Best Remedies against Bad Breath

Foods That Improve Your Skin Texture

Best-Selling Children’s Books of all Time

Foods That Boost Your Libido

Best-Selling Books of all Time

The Most Expensive Academy Awards Jewelry in History

Most Expensive Japanese Restaurant In New York City

The Best B-Boy Movies

Most Awesome Hip Hop Documentaries

Foods That Stain Your Teeth

Richest Doctors in the World

The Best Movie Sountracks Ever

The Highest Grossing Musicals on Broadway

The Most Successful Reality TV Stars

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!