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MarketScreener Homepage  >  Equities  >  Johannesburg Stock Exchange  >  Anglo American Platinum Limited    AMS   ZAE000013181

ANGLO AMERICAN PLATINUM LIMITED

(AMS)
  Report
End-of-day quote. End-of-day quote Johannesburg Stock Exchange - 11/25
1104.34 ZAR   -0.71%
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SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsAnalyst Recommendations

AA Platinum 3Q Production Fell 2%; Cuts 2020 Refined Production View

10/22/2020 | 03:10am EST

By Jaime Llinares Taboada

Anglo American Platinum Ltd. on Thursday reported lower third-quarter production compared with the same period in 2019, and cut its full-year guidance for refined production and sales volumes.

The South African miner, which is majority-owned by Anglo American PLC, said that its production of platinum-group metals--which includes platinum, palladium, rhodium, iridium, ruthenium and gold--declined 2% to 1.11 million ounces for the three months ended Sept. 30. This was largely driven by a 23% decline in volumes at its joint operations, due to the impact of the coronavirus pandemic and security stoppages at the Modikwa site in South Africa--where Anglo American reported a fatality during the period.

Sales volumes were up 6% at 1.22 million ounces. This was mainly driven by a threefold increase in trading, which offset a 16% decline in sales from operations.

AA Platinum improved its full-year production guidance to 3.6 million-3.8 million platinum group metal ounces from 3.1 million-3.6 million ounces previously.

However the group cut its expectations for refined production to 3.1 million-3.3 million ounces, the lower half of its previous guidance range, due to operational issues at its Anglo Converter Plant. Sales volumes expectations were also revised down to 3.1 million-3.3 million ounces from the previous view of 3.1 million-3.6 million ounces.

Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT

(END) Dow Jones Newswires

10-22-20 0309ET

Stocks mentioned in the article
ChangeLast1st jan.
ANGLO AMERICAN PLATINUM LIMITED -0.71% 1104.34 End-of-day quote.-15.53%
ANGLO AMERICAN PLC -0.15% 2305 Delayed Quote.6.07%
DOW JONES AFRICA TITANS 50 INDEX 0.91% 504.98 Delayed Quote.-6.96%
DOW JONES SOUTH AFRICA(ZAR) 0.42% 1734.78 Delayed Quote.-4.69%
PALLADIUM 1.26% 2369 Delayed Quote.21.29%
PLATINUM -0.14% 968.025 Delayed Quote.-0.40%
S&P AFRICA 40 INDEX 0.10% 163.53 Delayed Quote.-6.47%
THE PLATINUM GROUP PUBLIC COMPANY LIMITED -0.79% 2.52 End-of-day quote.-38.24%
All news about ANGLO AMERICAN PLATINUM LIMITED
11/18Consortium pulls plug on S.Africa's Thabametsi coal plant
RE
11/17Consortium pulls plug on S.Africa's Thabametsi coal plant
RE
11/16ANGLO AMERICAN PLATINUM : Announces platafrica 2020 winners
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11/10ANGLO AMERICAN PLATINUM : Limpopo Mines Destroy Communities
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11/06ANGLO AMERICAN : Platinum closes acp phase b resulting in temporary build in wor..
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11/05S.Africa' Amplats cuts refined production guidance after closure of processin..
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11/05S.Africa' Amplats cuts refined production guidance after closure of processin..
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11/05AA Platinum Cuts 2020 Guidance on Closure of Converter Plant
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10/26ANGLO AMERICAN PLATINUM : Platafrica announces finalists for 2020 jewellery manu..
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10/23Sibanye-Stillwater Inks Wage Agreement With Kroondal Mine Workers
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More news
Financials
Sales 2020 116 B 7 709 M 7 709 M
Net income 2020 23 975 M 1 587 M 1 587 M
Net cash 2020 21 504 M 1 423 M 1 423 M
P/E ratio 2020 11,7x
Yield 2020 3,68%
Capitalization 285 B 18 685 M 18 829 M
EV / Sales 2020 2,26x
EV / Sales 2021 1,33x
Nbr of Employees 22 601
Free-Float 21,2%
Chart ANGLO AMERICAN PLATINUM LIMITED
Duration : Period :
Anglo American Platinum Limited Technical Analysis Chart | AMS | ZAE000013181 | MarketScreener
Technical analysis trends ANGLO AMERICAN PLATINUM LIMITED
Short TermMid-TermLong Term
TrendsBearishBearishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 8
Average target price 1 298,25 ZAR
Last Close Price 1 104,34 ZAR
Spread / Highest target 63,0%
Spread / Average Target 17,6%
Spread / Lowest Target -14,9%
EPS Revisions
Managers
NameTitle
Natascha Viljoen Chief Executive Officer
Norman Bloe Mbazima Chairman
Craig Miller Finance Director & Director
Gordon Smith Executive Head-Technical
Richard Matthew Wingfield Dunne Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
ANGLO AMERICAN PLATINUM LIMITED-15.53%18 685
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IMPALA PLATINUM HOLDINGS LIMITED8.14%7 550
KOREA ZINC COMPANY, LTD.-7.65%6 275
PAN AMERICAN SILVER CORP.21.62%6 034