Anglo American plc : Close to an important technical resistance levels

12/03/2020 | 03:51am EST

Jordan Dufee

long trade Live

Entry price : 2400GBX | Target : 3000GBX | Stop-loss : 2087.5GBX | Potential : 25%

Anglo American plc is close to a major resistance level, whereby the breach of this level could be considered as a buy signal. This reflects our preferred scenario in light of the stock's current technical chart pattern. Investors have an opportunity to buy the stock and target the GBX 3000.

Summary

• The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
• The company has solid fundamentals for a short-term investment strategy.

Strengths

• Historically, the company has been releasing figures that are above expectations.
• Growth remains a strong point in this company. In their sales forecast, analysts sound optimistic with regard to sales prospects.
• Over the last twelve months, the sales forecast has been frequently revised upwards.
• Over the last seven days, analysts have been revising upwards their EPS estimates for the company.
• For several months, analysts have been revising their EPS estimates roughly upwards.
• Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.
• The tendency within the weekly time frame is positive above the technical support level at 1616.2 GBX

Weaknesses

• With relatively low growth outlooks, the group is not among those with the highest revenue growth potential.
• Prospects from analysts covering the stock are not consistent. Such dispersed sales estimates confirm the poor visibility into the group's activity.

Ratings chart

Subsector Integrated Mining

1st jan. Capitalization (M$) Investor Rating ANGLO AMERICAN PLC 10.33% 49 498 BHP GROUP 8.11% 163 539 RIO TINTO PLC 9.21% 134 931 GRUPO MÉXICO, S.A.B. DE C.V.. 8.64% 36 049 FRESNILLO PLC -3.67% 10 883 POLYMETAL INTERNATIONAL PLC -0.98% 10 683 TECK RESOURCES LIMITED 8.01% 10 405 SOUTH32 LIMITED 6.48% 9 470 INDUSTRIAS PEÑOLES, S.A.B. .. 0.74% 6 833 LUNDIN MINING CORPORATION 2.12% 6 656 IVANHOE MINES LTD. 2.33% 6 530

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