Struggle Not Over Yet for Lonmin, Impala Platinum, AngloPlats, Analysts Say
An article from Mineweb suggested that South African focused platinum producers Anglo American Platinum (LSE:AAL), Impala Platinum (JSE:IMP) and Lonmin (LSE:LMI) are not out of the woods yet in terms of recovering from ongoing strikes earlier this year in South Africa.
An article from Mineweb suggested that South African focused platinum producers Anglo American Platinum (LSE:AAL), Impala Platinum (JSE:IMP) and Lonmin (LSE:LMI) are not out of the woods yet in terms of recovering from ongoing strikes earlier this year in South Africa.
As quoted in the publication:
According to analyst consensus forecast data the three majors are regarded as: Impala Platinum (Hold), Lonmin (Outperform) and Amplats (Hold).
Perhaps the most telling sign that institutional investors are not yet ready to jump back into the platinum sector comes from the BofA Merrill Lynch SA fund manager survey which asked professional money managers how platinum was shaping up in their strategic thinking for the next 3 months. In August they asked the question of fund managers around whether they were planning to add platinum to their portfolios and the respondents saw 17% (increase), 8% (decrease), 42% (maintain) and 33% said they didn’t know.
For now, platinum shares appear to offer risk to the downside and longer-term buyers may want to look at bids at lower levels until sentiment turns.
MARKETS
COMMODITIES
Commodities | |||
---|---|---|---|
Gold | 1856.35 | +2.68 | |
Silver | 21.86 | +0.11 | |
Copper | 4.29 | -0.05 | |
Palladium | 2006.94 | +21.94 | |
Platinum | 954.59 | +1.59 | |
Oil | 109.92 | -0.37 | |
Heating Oil | 3.64 | 0.00 | |
Natural Gas | 8.79 | +0.04 |
DOWNLOAD FREE REPORTS
BROWSE COMPANIES BY SECTOR
- Agriculture Investing
- Phosphate Investing
- Potash Investing
- Base Metals Investing
- Copper Investing
- Iron Investing
- Lead Investing
- Nickel Investing
- Zinc Investing
- Battery Metals Investing
- Cobalt Investing
- Graphite Investing
- Lithium Investing
- Manganese Investing
- Vanadium Investing
- Critical Metals Investing
- Magnesium Investing
- Rare Earth Investing
- Scandium Investing
- Tantalum Investing
- Tellurium Investing
- Tungsten Investing
- Energy Investing
- Oil and Gas Investing
- Uranium Investing
- Gem Investing
- Diamond Investing
- Industrial Metals Investing
- Aluminum Investing
- Chromium Investing
- Coal Investing
- Molybdenum Investing
- Tin Investing
- Precious Metals Investing
- Gold Investing
- Palladium Investing
- Platinum Investing
- Silver Investing
- 3D Printing Investing
- Bitcoin Investing
- Blockchain Investing
- Cleantech Investing
- Cloud Investing
- Cryptocurrencies
- Data Investing
- Emerging Tech Investing
- Artificial Intelligence Investing
- Mobile Investing
- Robotics Investing
- Fintech Investing
- Gaming Investing
- Esports Investing
- Nanoscience Investing
- Graphene Investing
- Nanotech Investing
- Security Investing
Featured stocks
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.