Analysts Fight Over Anglo American (AAUK)

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By Douglas A. McIntyre Updated Published
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Anglo American plc (NASDAQ: AAUK) is seeing exact opposite calls on the positives and negatives this morning.  We have seen the stock’s rating raised to the revered “Conviction Buy List” at Goldman Sachs based on rising EBITDA on rising prices and exposure to high-margin businesses and a note that shares have been overlooked.  However, the stock was downgraded to Neutral from Outperform at Credit Suisse.  If you want to throw in another mix, Nomura said that the company could be vulnerable to an acquisition from Xstrata over the next year.

Shares closed at $12.46 for ADR’s yesterday and are indicated up at $12.80 in pre-market trading with about an hour and forty-five minutes until the market opens.  Its 52-week trading range is $6.21 to $35.64.

JON C. OGG
MAY 22, 2009

Contact [email protected] for any questions or corrections.

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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