De Beers Deal Good News For Anglo

Mineweb reported analysts approve Anglo American’s (LSE:AAL) $5.1bn purchase of the Oppenheimer’s stake in De Beers.

As quoted in the market news:

Equity Research firm, RBC Capital Markets (RBC), said in a note released after the deal was announced that it has boosted its price target for the diversified miner from £36/share to £38/share, with its recommendation indicating that Anglo is expected to materially outperform the sector average.

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