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Fly News Breaks for April 24, 2019
NGLOY
Apr 24, 2019 | 04:58 EDT
JPMorgan analyst Dominic O'Kane downgraded Anglo American to Neutral from Overweight with a price target of GBP 23. The analyst sees an unfavorable risk/reward at current valuation levels. Anglo's 2020 earnings estimates could be 20% too high if the company fails to get a Minas Rio tailing permit in Brazil by end the of 2019, O'Kane tells investors in a research note. He believes uncertainty on Minas Rio will constrain capital returns in the first half of 2019.
News For NGLOY From the Last 2 Days
NGLOY
Apr 26, 2024 | 06:04 EDT
NGLOY
Apr 25, 2024 | 16:29 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
NGLOY
Apr 25, 2024 | 12:19 EDT
Anglo American (NGLOY) doesn't view BHP's (BHP) proposed $39B takeover bid as attractive, Reuters' Clara Denina, Amy-Jo Crowley and Anousha Sakoui report, citing two sources. According to one source, the offer does not address the complexities of demerging the Anglo American Platinum and Kumba Iron Ore businesses in South Africa. Anglo's board is expected to give a formal response in the coming days. Reference Link
NGLOY
Apr 25, 2024 | 12:09 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
NGLOY
Apr 25, 2024 | 07:54 EDT
NGLOY
Apr 25, 2024 | 06:10 EDT
NGLOY
Apr 24, 2024 | 17:24 EDT
BHP Group (BHP) is weighing a possible acquisition of Anglo American (NGLOY), Bloomberg's Crystal Tse, Dinesh Nair, and Thomas Biesheuvel report, citing people with knowledge of the matter. The company has recently been evaluating the possibility of an offer for Anglo American, the authors note. Reference Link
