• You can’t eat dust

    We should insist on products that save our soil and ensure food security, says Mandi Smallhorne.

  • Terry Bell's Inside Labour

    Calling zama-zamas illegal is a case of criminalising an act of entrepreneurship.

  • 'Disappearing' data

    Faster networks and consumer habits have led to perceptions of vanishing data, says Vodacom.

All data is delayed
Loading...
See More

Anglo shares down on UBS downgrade

Dec 14 2012 11:30
Reuters

Company Data

ANGLO AMERICAN PLC [JSE:AGL]

Last traded 164
Change -4
% Change -2
Cumulative volume 1569232
Market cap 0

Last Updated: 26-09-2016 at 03:32. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Anglo, Rio Tinto sell stakes in Palabora

Carroll: Apartheid behind mine violence

Carroll lifts veil on SA mining

Lafarge and Anglo sell assets to Mittal

Mine unrest ends, job losses loom

Carroll: Every single life lost killed me

 

Johannesburg - Shares of global mining group Anglo American [JSE:AGL] fell 1.3% after UBS downgraded its rating to "neutral" from "buy" and cut its earnings forecasts, citing country risk and expectations of lower production. 

At 09:10 GMT, shares down 1.27% to R255.71. 

UBS cut its earnings forecasts between 2012 and 2014 for Anglo by up to 40% to reflect expectations of falling platinum and copper production. 

Citing "heightened South Africa risk", it noted concerns stemming from the wave of violent, wildcat strikes that swept South Africa's mining sector this year. 

 

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

anglo american  |  ubs

NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Comments have been closed for this article.
 

Company Snapshot

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

This afternoon Sarb will:

Previous results · Suggest a vote

Loading...