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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Anglo American plc    AAL   GB00B1XZS820

ANGLO AMERICAN PLC

(AAL)
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Anglo American: De Beers to Post $467 Million Diamond Sales for 8th Cycle

10/14/2020 | 02:47am EST

By Jaime Llinares Taboada

Anglo American PLC said Wednesday that its subsidiary De Beers Group expects to report diamond sales of $467 million during the current sales cycle, as demand for rough stones improves steadily.

The FTSE 100 mining company said the $467 million revenue is for the period between Sept. 21 and Oct. 9. This would be up from $297 million a year earlier, and from $334 million in the seventh cycle of 2020--which ran from Aug. 19 until Sept. 10.

Anglo American said it has implemented a more flexible approach to rough-diamond sales in the period, with the "sight," or sales, event extended beyond its normal duration.

"We continue to see a steady improvement in demand for rough diamonds in the eighth sales cycle of the year, with cutters and polishers increasing their purchases as retail orders come through ahead of the key holiday season," De Beers Group Chief Executive Bruce Cleaver said.

Anglo American owns 85% of De Beers Group.

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

(END) Dow Jones Newswires

10-14-20 0246ET

Stocks mentioned in the article
ChangeLast1st jan.
ANGLO AMERICAN PLC -0.89% 2305.5 Delayed Quote.6.37%
MSCI UNITED KINGDOM (STRD, UHD) 2.05% 1007.138 Real-time Quote.-17.10%
PLATINUM 0.63% 967.185 Delayed Quote.-3.35%
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Financials (USD)
Sales 2020 27 250 M - -
Net income 2020 2 412 M - -
Net Debt 2020 6 387 M - -
P/E ratio 2020 15,7x
Yield 2020 2,77%
Capitalization 38 116 M 38 091 M -
EV / Sales 2020 1,63x
EV / Sales 2021 1,42x
Nbr of Employees 60 000
Free-Float 89,4%
Chart ANGLO AMERICAN PLC
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Anglo American plc Technical Analysis Chart | AAL | GB00B1XZS820 | MarketScreener
Technical analysis trends ANGLO AMERICAN PLC
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 31,10 $
Last Close Price 30,89 $
Spread / Highest target 20,5%
Spread / Average Target 0,69%
Spread / Lowest Target -24,1%
EPS Revisions
Managers
NameTitle
Mark Cutifani Chief Executive Officer & Executive Director
Stuart John Chambers Chairman
Stephen Thomas Pearce Finance Director & Executive Director
Anthony Martin O'Neill Executive Director & Group Technical Director
Anne L. Stevens Independent Non-Executive Director
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