With a decline in the Anglo American share price, I recommend this FTSE 100 stock as an immediate buy!
With a decline in the Anglo American share price, I recommend this FTSE 100 stock as an immediate buy! Equity markets have been a bit of a snooze in the past few days, with the FTSE 100 making sideways movements. Recently, I talked about gold miner Randgold Resources, which makes for a great defensive play in the event of an economic slowdown. But even otherwise, there are other interesting mining companies around. This allows for good buying opportunities at such times as right now, since the Anglo American share price has been softening steadily for much of November so far. But the icing on the cake is really that the price to earnings (P/E) ratio for the company, at 9x, is much lesser than that for peer companies like BHP Bilton, Antofagasta and Fresnillo!