Bloomberg reported Anglo American (LSE:AAL) stocks continued to slide after reporting a first-half profit plunge of 46%.
As quoted in the market news:
The stock slid as much as 2 percent to 1,856.5 pence, after dropping 3.6 percent on July 27 as earnings missed forecasts. Anglo had a “terrible” first half, Jefferies International Ltd. analysts including Christopher LaFemina said in a note.
Get Our Expert Guide to Platinum Investing FREE!Download this FREE Special Report, Why Invest in Platinum Stocks? What the Future Could Hold for Lonmin, the AMCU and South African Platinum Production.