|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||7.28 - 7.28|
|52-week range||7.28 - 12.29|
|Beta (5Y monthly)||1.33|
|PE ratio (TTM)||8.91|
|Forward dividend & yield||0.71 (9.80%)|
|Ex-dividend date||11 Mar 2020|
|1y target est||8.10|
Anglo American has trimmed its production forecasts for iron ore, diamonds and coal for the next two years, the mining company said in an update for investors on Tuesday. Anglo American lowered its forecast for its Kumba Iron Ore business from 42-43 metric tonnes (Mt) from 43-44 Mt, cut its diamond production outlook for 2020 and 2021, and lowered its 2020 metallurgical coal production outlook to 21-23 Mt from 22-24 Mt. Anglo American shares hit a day low after the update, and were down 1.6% by 1120 GMT.
Mines across South Africa shut down on Tuesday after flash flooding triggered the most severe power blackouts in more than a decade, threatening a key export sector in a further blow to the country's already slowing economy. Heavy rains across parts of South Africa have submerged entire neighbourhoods, leading to evacuations and aggravating problems at state-owned utility Eskom, which has been struggling to keep the lights on since 2008. Harmony Gold, Impala Platinum and Sibanye-Stillwater all said they had been forced to cut production since Monday because of power shortages.