Tracking The Share Price Performance Of Some FTSE 100 Listed Mining Stocks – GLEN, ANTO, AAL And BHP

Performance of the Mining sector in the United Kingdom

The mining industry, across the world, and especially in the United Kingdom has been significantly affected by the trade tensions between the United States of America and China. As per the International Monetary Fund (IMF), there has been a slowdown in the sector because of the increase in trade barriers. However, one major factor, that stopped a further slowdown in this particular industry in UK is that most of the companies in this sector, trade in the currency of US Dollars as opposed to the UK Pound Sterling, protecting them against any currency meltdown in case of Brexit or even post Brexit and hence, the outlook for the next year’s performance is expected to be very positive, with the investments within the sector, only expected to grow, after remaining record low in the current year. Amidst all the uncertainty around the other mining commodities, another positive has been gold, as the gold production space within the mining sector held an advantage over others on the fact that investors consider gold an extremely safe asset in case of any turmoil. Sector experts are of the view that there might be a further downfall in terms of productivity in the mining sector, but a correction in the production is expected to take place post-February 2020, once Brexit is a done deal.

Glencore Plc

Glencore Plc (LON:GLEN) is a Baar, Switzerland headquartered metals and mining organisation, that is primarily engaged in the business of exploration, acquisition, development, extraction, production, processing, refining, blending, and delivery of natural resources. Its areas of operation can be categorised into three business segments which are metals and minerals, energy and agriculture. Glencore is among the world’s leading diversified natural resource companies and is the world’s most powerful commodity trader. The company operates by being involved in the production and distribution of minerals and metals, crude oil and oil products, coal and agricultural products. Through offices in 50 countries and approximately 150 assets, the company produces and markets more than 90 commodities. In terms of metals and minerals, the company’s primary commodity-based products are the likes of Copper, Cobalt, Nickel, Zinc, Lead as well as Ferroalloys. In terms of Energy, the company engages in the production of both coal as well as oil for various purposes. In terms of marketing, the company engages in all top to bottom processes such as commercialisation and selling of products as well as logistical management and provision of support services required for the selling of products.

GLEN Share Price Performance

(Source: Thomson Reuters) Daily Chart as on 18-December-19, before the close of the market

As on 18^th December 2019, at 01:15 P.M Greenwich Mean Time, while writing, Glencore Plc’s price of the stock was reported at GBX 234.95 per stock on the London Stock Exchange, an increase in the value of 1.18 per cent or GBX 2.75 per stock, as opposed to the last day’s closing price, which was reported at GBX 232.20 per stock. The market capitalisation of the company was reported at GBP 30.939 billion in reference to the current stock price of the company.

Company’s stock beta was reported to be at a value of 2.00. By this, we can make an inference that movement of the stock of Glencore Plc, has been more volatile, in comparison with the movement of the comparative benchmark index in the last one year.

Antofagasta Plc

Antofagasta Plc (LON:ANTO) is a London, the United Kingdom based Mining firm which is primarily engaged in activities related to exploration, evaluation and mining of copper in Chile. The company was incorporated in the year 1888 in the United Kingdom. The company’s business is divided into two divisions, mining and transportation. The mining segment further gets divided into different sections based on the exploration activities and mines of the company. The group also has a portfolio of growth opportunities located mainly in Chile and focuses on exploration activity to expand its mineral resource base in Chile and abroad, particularly in the Americas. The operations of the group are differentiated in seven operating segments, namely Los Pelambres, Centinela, Antucoya, Zaldívar, Exploration and evaluation, Corporate and other items, and Transport division. The company is a part of the FTSE 100 Index.

ANTO Share Price Performance

(Source: Thomson Reuters) Daily Chart as on 18-December-19, before the close of the market

As on 18^th December 2019, at 01:20 P.M Greenwich Mean Time, while writing, Antofagasta Plc’s price of the stock was reported at GBX 946.60 per stock on the London Stock Exchange, a decline in the value of 0.08 per cent or GBX 0.80 per stock, as opposed to the last day’s closing price, which was reported at GBX 947.40 per stock. The market capitalisation of the company was reported at GBP 9.340 billion in reference to the current stock price of the company.

Company’s stock beta was reported to be at a value of 1.32. By this, we can make an inference that movement of the stock of Antofagasta Plc, has been more volatile, in comparison with the movement of the comparative benchmark index in the last one year.

Anglo American Plc

Anglo American Plc (LON:AAL) is a London, the United Kingdom headquartered Mining company, that is listed on the FTSE 100 Index of the London stock exchange and whose principal operations include mining, exploring and processing of metal and minerals globally. The group mainly explore metals such as copper, platinum, diamonds, iron, nickel, manganese and thermal coal. The group has mining operations in Africa, the Americas and Australia. The company’s De Beers diamond brand is one of world’s most popular brand spearheading the Diamond industry in terms of quality as well as price.

AAL Share Price Performance

(Source: Thomson Reuters) Daily Chart as on 18-December-19, before the close of the market

As on 18^th December 2019, at 01:25 P.M Greenwich Mean Time, while writing, Anglo American Plc’s price of the stock was at GBX 2177.00 per stock on the London Stock Exchange, a decline in the value of 0.48 per cent or GBX 10.50 per stock, as opposed to the last day’s closing price, which was reported at GBX 2187.50 per stock. The market capitalisation of the company was reported at GBP 30.024 billion in reference to the current stock price of the company.

Company’s stock beta was reported to be at a value of 1.54. By this, we can make an inference that movement of the stock of Anglo American Plc, has been more volatile, in comparison with the movement of the comparative benchmark index in the last one year.

BHP Group Plc

BHP Group Plc (LON:BHP), formerly known as BHP Billiton Group or BHP Billiton Plc, is a London, the United Kingdom domiciled mining company. The group operates as a global resource company with more than 62,000 employees and contractors. The company primarily operates in Australia and America and is engaged in extracting and processing minerals, oil and gas. While the company’s global headquarter is in Melbourne, Australia, its products are sold worldwide. The company has two parent companies – BHP Group Limited and BHP Group Plc – as it operates under Dual Listed Group Structure, which are operated as a single economic entity. The list of the company’s business entities includes the likes of Minerals Australia, Minerals Americas, Petroleum, Marketing and other businesses across Global Locations. The company also has its operations running in the Asian superpowers of China and Japan.

BHP Share Price Performance

(Source: Thomson Reuters) Daily Chart as on 18-December-19, before the close of the market

As on 18^th December 2019, at 01:30 P.M Greenwich Mean Time, while writing, BHP Group Plc’s price of the stock was reported at GBX 1789.40 per stock on the London Stock Exchange, a decline in the value of 0.36 per cent or GBX 6.40 per stock, as opposed to the last day’s closing price, which was reported at GBX 1795.80 per stock. The market capitalisation of the company was reported at GBP 37.928 billion in reference to the current stock price of the company.

Company’s stock beta was reported to be at a value of 1.39. By this, we can make an inference that movement of the stock of BHP Group Plc, has been more volatile, in comparison with the movement of the comparative benchmark index in the last one year.