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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 - 01/18
1524.77 ZAR   +0.49%
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SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsAnalyst Recommendations

AA Platinum Cuts 2020 Guidance on Closure of Converter Plant

11/05/2020 | 02:50am EST

By Jaime Llinares Taboada

Anglo American Platinum Ltd. on Thursday cut its refined production and sales guidance for 2020 after it decided to close a converter plant unit.

The South African miner, which is majority-owned by Anglo American PLC, said it now expects full-year refined production and sales of platinum group metals at around 2.5 million ounces, down from its previous 3.1 million-3.3 million guidance range.

AA Platinum said that it has discovered further water leaks at its Anglo Converter Plant Phase B, and that the site will now close for a full rebuild in 2021. Rebuild works at the Phase A unit are only expected to complete towards the end of this year.

"As production continues at around 94% of normal production levels, the closure of ACP Phase B unit until ACP Phase A unit is recommissioned will result in an increase in work-in-progress inventory, whose release will commence once the ACP is operational," Chief Executive Natascha Viljoen said.

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

(END) Dow Jones Newswires

11-05-20 0249ET

Stocks mentioned in the article
ChangeLast1st jan.
ANGLO AMERICAN PLATINUM LIMITED 0.49% 1524.77 End-of-day quote.5.66%
ANGLO AMERICAN PLC 0.43% 2675 Delayed Quote.10.33%
PLATINUM 0.37% 1095.422 Delayed Quote.-0.54%
THE PLATINUM GROUP PUBLIC COMPANY LIMITED -1.54% 2.56 End-of-day quote.4.07%
All news about ANGLO AMERICAN PLATINUM LIMITED
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More news
Financials
Sales 2020 112 B 7 435 M 7 435 M
Net income 2020 24 206 M 1 601 M 1 601 M
Net cash 2020 17 626 M 1 166 M 1 166 M
P/E ratio 2020 16,6x
Yield 2020 2,69%
Capitalization 393 B 25 866 M 25 981 M
EV / Sales 2020 3,34x
EV / Sales 2021 1,71x
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
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 9
Average target price 1 567,89 ZAR
Last Close Price 1 524,77 ZAR
Spread / Highest target 50,8%
Spread / Average Target 2,83%
Spread / Lowest Target -28,5%
EPS Revisions
Managers and Directors
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 LIMITED5.66%25 743
SIBANYE STILLWATER LIMITED4.52%12 073
IMPALA PLATINUM HOLDINGS LIMITED6.53%10 914
ALROSA5.71%10 187
KOREA ZINC COMPANY, LTD.1.37%6 612
PAN AMERICAN SILVER CORP.-14.90%6 166