Anglo American Platinum, more commonly referred to as Amplats, is the largest platinum producer in South Africa and the world. The company accounts for about 38% of the world’s annual platinum supply. The current Amplats share price is R580.08, a 66.67% decrease from its price during the same period last year.
Below, we tackle the amplats share price data, history, and forecast.
What is the Amplats Share Price JSE Data?
The Anglo American Platinum, or Amplats, is listed as AMS on the Johannesburg Stock Exchange (JSE:AMS). The current Amplats share price is R580.08 but ranges between R576.09 and R594.17.
The current market capitalization is at R158,159,254,451 with a price-to-earnings ratio (TTM) of 13.35. Meanwhile, the company’s dividend yield rests at 3.26% which is below the average dividend yield for companies on the JSE.
Refer to the table below for Amplats share price data.
| Market capitalization | 158,159,254,451 |
| Range | 576.09 – 594.17 |
| EPS-TTM | 4800.08 |
| Dividend Yield | 3.26% |
| Last Payment | 9.75 |
| Last ex-date | Aug 21, 2024 |
| Return on Equity | 12.53% |
| Authorized Shares | 413,595,651 |
| Issued Shares | 265,292,206 |
Amplats Financial Health
Strong financials
Amplats has demonstrated strong financial health for the fiscal year 2024. The company reported an Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) of USD 5 billion for the first half of 2024. This robust revenue was attributed to stable production of platinum.
Meanwhile, platinum production was maintained for 2024, with metal-in-concentrage PGM production and refined production between 3.3 to 3.7 million ounces. Moreover, production of refined Platinum Group Metals (PGMs) increased by 22% from the same period last year.
Amplats was able to deliver a strong revenue with consistent production.
Dividend yield lower than competitors
The Amplats dividend yield or 3.26% is quite lower compared to competitors such as Exxaro Resources, Impala Platinum, and Sibanye Stillwater that offered bigger dividends.
However, the strong revenue and consistent production more than made up for the last payment of R1.18 per share, which is among the average of its competitors except Exxaro Resources.
Table of Amplats competitors, their most recent payout date, and dividend paid
| Company | Dividend Payment | Latest Payout Date |
| Anglo American Platinum | ZAR 1.18 | September 5, 2024 |
| Impala Platinum | ZAR 1.02 | October 3, 2024 |
| Exxaro Resources | ZAR 7.960 | October 7, 2024 |
| Growthpoint Properties | ZAR 1.17 | October 16, 2024 |
| Harmony Gold | ZAR 0.77 | October 21, 2024 |
| Sibanye Stillwater | ZAR 0.56 | September 26, 2023 |
The platinum miner clarified however, that dividend yields were decreased because of a focus on strategic investments.
Amplats demerger
In November, Anglo American, the parent group of Amplats, announced that it is under the process of demerging Amplats and is on track to complete by the middle of 2025.
Anglo American said they would dispose of its steel-making coal, platinum, diamonds, and nickel operations as it moves its focus to copper and crop nutrients.
Meanwhile, they also sold 17,500,000 ordinary shares of Amplats, representing 6.6% of the total issued ordinary share capital of the company.
The shares were sold at a price of R548 per share, which was interpreted negatively by shareholders. Market watchers had pointed that this was a price for the bottom of the market.
Why did Amplats share price rocket in 2022?
Within the first week of March 2022, the Amplats share price reached a new high of R2,675.47 per share. This rocket in share price is presumably because of the 6% jump in platinum output for South Africa.
What is Anglo American Platinum?
Anglo American Platinum, more commonly referred to as Amplats, is the world’s largest producer of platinum. It is based in South Africa, with most of the group’s operations in the northwest and northeast region of Johannesburg.
Its parent company, Anglo American plc is the majority shareholder of the company.
It currently has two major business lines.
- Production of Platinum Group Metals (PGMs). Amplats primarily focuses on the production of platinum, palladium, rhodium, and other PGMs.
- Mining Operations. Amplats’ mining operations are located in the Bushveld Igneous Complex in South Africa, where they mine mineral commodities including chromium and vanadium, among other PGMs.
Amplats is among the highest share prices with mining companies in South Africa. For instance, in March 02, 2020, Amplats experienced a swing low of R 203.32, around the same time, competitors were also experiencing new lows and it remained the most expensive share.
When mining and commodity share prices peaked around mid 2022 because of the Russian-Ukraine war, the Amplats share price soared to a new high of R844.30, meanwhile, its competitors were at an average price of R274.15 or only 32% of the Amplats’ share price at the time.
How to Invest in African Rainbow Minerals Shares
- Find a broker that offers access to JSE. Selecting the right broker is crucial when you want to start investing. Find one that is compatible with how you want to invest.
- Review the broker’s trading conditions. Research and consult other investors to avoid brokers that may exploit your capital. If possible, join a verified community of traders such as CommuniTrade. A community can help you find the right brokers and make favorable decisions.
- Open an investment account. Register and verify your account. This gives you a convenience way to view and buy stocks via your broker’s website.
- Select AMS as the stock you want to buy. Anglo American Platinum is listed as AMS on the Johannesburg Stock Exchange. Alternatively, it may also appear as JSE:AMS
- Identify the right orders. Stocks come in order types and your account will allow you to view which orders your broker offers.
- Plan your next step. Take a look at other featured stock investments by TradersUnited to diversify your portfolio.
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