African Rainbow Minerals Ltd

African Rainbow Minerals is engaged in the exploration, development, operation and holding of interests in the mining and minerals industry. Co.'s operations are focused on precious metals, ferrous metals and alloys, which include platinum group metals, nickel, iron ore, manganese ore, chrome ore, ferromanganese and ferrochrome alloys. Co. maintains an investment in Harmony. Co.'s partners at its South African operations are Anglo Platinum, Assore, Impala Platinum, Norilsk Nickel and Xstrata Coal South Africa. Co. is organized in four operating divisions: ARM Platinum (which includes platinum and nickel), ARM Ferrous, ARM Coal and ARM Exploration.
  • Ticker100V
  • ISINZAE000054045
  • ExchangeJohannesburg Stock Exchange
  • SectorMining
  • CountrySouth Africa

Analysts

Increased risk weighs on AFRICAN RAINBOW MINERALS, penalising its rating down to Slightly Negative

The independent financial analyst theScreener just lowered the general evaluation of AFRICAN RAINBOW MINERALS (ZA), active in the General Mining industry. As regards its fundamental valuation, the title still shows 0 out of 4 possible stars. Its market behaviour, however, has slightly deteriorated and will be qualified as moderately risky moving forward. theScreener considers that these new qualifications justify an overall rating downgrade to Slightly Negative. As of the analysis date September 17, 2019, the closing price was ZAR 148.90 and its target price was estimated at ZAR 135.22.

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

USD weakness a tailwind for int'l markets With markets showing signs of weakening at logical resistance as outlined in last week's Int'l Compass - we recommend being selective in new purchases. At the same time we are seeing a number of indicators that are giving signals conducive to higher equity prices, meaning global equities may be gearing up for an eventual breakout topside resistance. Below we highlight some attractive and actionable themes along with indicators that support our overall constructive outlook. • USD (DXY) breaking down; Euro, CAD breaking out. Throughout all of 2019 we h...

Dave Nicoski ...
  • Ross LaDuke

Int'l Insights: Emerging Markets Strategy

The MSCI EM index continues to develop positively from a price perspective and we expect higher prices ahead. RS for the MSCI EM index is consolidating when compared to the MSCI EAFE index, which we believe is largely due to consolidation in the U.S. dollar. Therefore, the direction of the dollar will be critical for EM equities. A breakout in the USD may begin to create problems for EM, whereas a failure to break above 97.70-98 resistance and a gradual weakening of the USD should be an environment where EM can outperform. Below we highlight attractive and actionable themes within EM: • EM C...

2 directors sold after exercising options/sold

Two Directors at African Rainbow Minerals Limited sold after exercising options/sold 37,154 shares at between 174.810ZAR and 174.910ZAR. The significance rating of the trade was 80/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where ...

Matthew Shields

African Rainbow Minerals | Competitive dividend

African Rainbow Minerals (ARI) released a decent FY '18 result with its final dividend surprising to the upside. The results were impacted by the restructuring of the ARM Coal loans which in our view is positive for the Group. Assmang's operations continue to perform well while positive developments at Nkomati should assist with the cash burn in the short-term. While we disagree with ARI's reason for not having a formal dividend policy, the Group remains committed to pay an industry competitive dividend every half. We estimate that ARI trades on a one-year rolled forward dividend yield of ...

Matthew Shields

African Rainbow Minerals | Competitive dividend

African Rainbow Minerals (ARI) released a decent FY '18 result with its final dividend surprising to the upside. The results were impacted by the restructuring of the ARM Coal loans which in our view is positive for the Group. Assmang's operations continue to perform well while positive developments at Nkomati should assist with the cash burn in the short-term. While we disagree with ARI's reason for not having a formal dividend policy, the Group remains committed to pay an industry competitive dividend every half. We estimate that ARI trades on a one-year rolled forward dividend yield of ...

2 directors sold after exercising options/sold

Two Directors at African Rainbow Minerals Limited sold after exercising options/sold 37,154 shares at between 174.810ZAR and 174.910ZAR. The significance rating of the trade was 80/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where ...

Increased risk weighs on AFRICAN RAINBOW MINERALS, penalising its rating down to Slightly Negative

The independent financial analyst theScreener just lowered the general evaluation of AFRICAN RAINBOW MINERALS (ZA), active in the General Mining industry. As regards its fundamental valuation, the title still shows 0 out of 4 possible stars. Its market behaviour, however, has slightly deteriorated and will be qualified as moderately risky moving forward. theScreener considers that these new qualifications justify an overall rating downgrade to Slightly Negative. As of the analysis date September 17, 2019, the closing price was ZAR 148.90 and its target price was estimated at ZAR 135.22.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

MarketLine Department

African Rainbow Minerals Limited - Strategy, SWOT and Corporate Finance Report

Synopsis African Rainbow Minerals Limited - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Summary - Detailed information on African Rainbow Minerals Limited required for business and competitor intelligence needs - A study of the major internal and external factors affecting African Rainbow Minerals Limited in the form of a SWOT analysis - An in-depth view of the business mode...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

USD weakness a tailwind for int'l markets With markets showing signs of weakening at logical resistance as outlined in last week's Int'l Compass - we recommend being selective in new purchases. At the same time we are seeing a number of indicators that are giving signals conducive to higher equity prices, meaning global equities may be gearing up for an eventual breakout topside resistance. Below we highlight some attractive and actionable themes along with indicators that support our overall constructive outlook. • USD (DXY) breaking down; Euro, CAD breaking out. Throughout all of 2019 we h...

Dave Nicoski ...
  • Ross LaDuke

Int'l Insights: Emerging Markets Strategy

The MSCI EM index continues to develop positively from a price perspective and we expect higher prices ahead. RS for the MSCI EM index is consolidating when compared to the MSCI EAFE index, which we believe is largely due to consolidation in the U.S. dollar. Therefore, the direction of the dollar will be critical for EM equities. A breakout in the USD may begin to create problems for EM, whereas a failure to break above 97.70-98 resistance and a gradual weakening of the USD should be an environment where EM can outperform. Below we highlight attractive and actionable themes within EM: • EM C...

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