AAL.L (Anglo American Plc) target 2,100 from weekend quote $1,69

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**Defensive stock to consider is AAL.L (Anglo American Plc) quoted AUG-17 $1,698.**

Reason being XAU / USD (Gold / US Dollar) prices have elevated and appear poised to continue to range above $1,400 with a 1-3 month outlook. Dividend growth (5% yield) reflects metals rally and may continue. Market cap 23.5-BLN means it is quite defensive as pure equity play. **Debt only 3-BLN. Earnings 8-BLN. Assets exceed liabilities greatly.**

**"Industry: Industrial Metals & Minerals**
Full Time Employees: 64,000"

Gold on the rise, global growth slowdown may not reverse trend in production cost which could lead to Platinum rising in shadow of Gold; versus the US Dollar.

Company (AAL.L) revenue rose dramatically more than cost of revenue since 2016 (3 years), an advantage offered by the current market climate (inflation lacking) I deem. Liabilities being much less than assets makes this an indestructible defensive play.

**Platinum group metals are in a strong bullish trend, being rare basic industrial materials this may continue.**

"Platinum group metals" includes: Platinum, Rhodium, Palladium, Iridium, Osmium, Ruthenium.

Long-term copper price risk is to the upside. Refer to recession '08 Copper prices.

**"Anglo American plc, together with its subsidiaries, engages in exploring, mining, and processing various metals and minerals worldwide. The company explores for rough and polished diamonds, copper, platinum group metals, metallurgical and thermal coal, and iron; and nickel and manganese ores, as well as alloys."**

**Nickel is up 20% in the past 3 months.**

Credit Suisse upgraded to "Outperform" from "Neutral" 5/3/2019. Today is 8/17/2019.

**AAL.L (Anglo American Plc) target 2,100 from weekend quote $1,698 for a 23% difference** and a duration of 1-6 months, **estimate 2-3 months**. This creates possibility of receiving its' dividend of approximately 3% in addition.
Giao dịch được đóng thủ công
Quote $1,911 from initial $1,698 August 17th. Today is October 16th. 2 months, 12% gain.
AALBeyond Technical AnalysisChart PatternsminingPlatinumStocks

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