UBS downgrades BHP and South32, ups Anglo
11th Oct 2016 08:58
(ShareCast News) - UBS downgraded BHP Billiton to 'neutral' from 'buy' as it took a look at the mining sector, lifting the price target to 1,300p from 1,200p, saying the risk/reward was now balanced after a strong recovery in the share price. It noted the stock is up 63% year-to-date, outperforming
Read moreSector movers: Miners pace gains after endorsement from BofA
7th Oct 2016 18:10
(ShareCast News) - Steel producers and miners led to the upside following the release of what several economists dubbed as a "solid" US jobs report, receiving an additional lift in the form of a positive research note on the sector out of analysts at Bank of America-Merrill Lynch. As of 1817 BST, De
Read moreAnglo American sees solid De Beers rough diamond demand
4th Oct 2016 08:09
(ShareCast News) - Anglo American said sales at its De Beers diamond business were not as quiet as expected in the eighth sales cycle of the year. De Beers sold $485m worth of rough stones in its eighth sales cycle of 2016, which was lower than the $639m in the seventh cycle due to normal seasonal e
Read moreAnglo American appoints Fortescue Metals' Stephen Pearce as FD
23rd Sep 2016 07:43
(ShareCast News) - Anglo American has appointed Fortescue Metals' Stephen Pearce as finance director following Rene Medori's decision to retire, as announced back in April. Pearce will join the company on 30 January 2017, prior to joining the board as an executive director and taking over as finance
Read moreBroker tips: Anglo American, Kaz, Barclays, Ocado
21st Sep 2016 15:36
(ShareCast News) - Barclays upgraded Anglo American to 'equalweight' from 'underweight' and lifted the price target to 845p from 550p on strong valuation support and solid earnings momentum, particularly from the recent rally in coking coal which leaves the balance sheet in a much better position th
Read moreSector movers: Miners boosted by positive broker views
21st Sep 2016 14:50
(ShareCast News) - Shares in miners provided the biggest lift for the market, as at least two more top brokers weighed in with positive views on the space. Barclays upgraded its view on Anglo American and Kaz Minerals, to 'equalweight' from 'underweight' in both cases. On Anglo American, the broker
Read moreWednesday broker round-up
21st Sep 2016 10:57
(ShareCast News) - Barclays: HSBC upgrades to buy with a target price of 190p. Reckitt Benckiser: UBS keeps at buy, 8000p target. Go-Ahead: Deutsche Bank keeps at buy with a 2330p target. Kingfisher: HSBC reiterates hold with a 365p target. BHP Billition: Barclays keeps at equal-weight with a 990
Read moreBarclays upgrades Anglo American, Kaz as it reviews mining sector
21st Sep 2016 09:23
(ShareCast News) - Barclays upgraded Anglo American to 'equalweight' from 'underweight' and lifted the price target to 845p from 550p on strong valuation support and solid earnings momentum, particularly from the recent rally in coking coal which leaves the balance sheet in a much better position th
Read moreMiners extend rally after bullish Rio Tinto comments on China, copper
20th Sep 2016 10:24
(ShareCast News) - Mining companies extended their recent gains and lifted the market after bullish comments from sector titan Rio Tinto's chief executive about commodity prices and Chinese demand. Talk of an "inflection point" for both commodity prices and the Chinese economy as a whole followed re
Read moreSector movers: Miners and oil service firms pace gains
19th Sep 2016 16:22
(ShareCast News) - Miners were pushed higher by rising prices for metals and positive comments from some top brokers. Contributing to the price action, analysts at Credit Suisse bumped up their 2017 price projections for thermal and coking coal, from $55 and $94 per tonne to $60 and $119, respective
Read moreThursday broker round-up
15th Sep 2016 13:57
(ShareCast News) - Sanne Group: Berenberg reiterates buy with a target price of 600p. Vodafone: Barclays reiterates overweight, 260p target. Petrofac: Jefferies downgrades to hold with a 800p target. Anglo American: JP Morgan reiterates overweight with a 1150p target. RPC Group: Berenberg stays a
Read moreAnglo American´s diamonds fetch 19% more in seventh sales cycle
6th Sep 2016 12:51
(ShareCast News) - The value of Anglo American´s rough diamond sales jumped by 19% to reach $630m during De Beers´ seventh sales cycle of 2016. Bruce Cleaver, CEO of De Beers, said: "We saw healthy demand for our rough diamonds in Cycle 7, as manufacturers brought forward some of their demand in ord
Read moreFTSE 100 movers: Miners dive as banks, insurers progress
31st Aug 2016 16:25
(ShareCast News) - Mining stocks were headed lower in an overall negative session on the FTSE 100, with gold and three-month industrial metals prices southbound as silver and copper eased ahead. Anglo American faded, having on Tuesday completed the sale of its Foxleigh mine interest, while both f
Read moreAnglo American completes sale of Foxleigh mine interest
30th Aug 2016 07:31
(ShareCast News) - Anglo American said it has completed the sale of its 70% interest in the Foxleigh metallurgical coal mine in Queensland, Australia to a consortium led by Taurus Fund Management, following the announcement of the sale and purchase agreement on 4 April this year. Foxleigh is an open
Read moreSector movers: Mining, Big Oil race to the top
26th Aug 2016 17:53
(ShareCast News) - Mining raced to the top of the leaderboard on Friday, boosted by an initial burst of volatility in global capital markets after Yellen's speech that saw the US dollar dip and commodity prices gain. Nevertheless, just after the closing bell in London rang US short-term rates change
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