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Stocks Market Analysis of Best Mining Companies of Africa

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Mining Stocks

In this share market article you are going to get info of Mining Stocks of Africa. You will get full stocks analysis, so read it full.

Stocks Info of Best Mining Companies of Africa :

CompanyStock Price (USD)Market Cap (USD Billion)Net Profit (USD Million)Primary Listing Exchange
Anglo American plc42.5058.21,450LSE (London)
Sibanye Stillwater12.809.8620JSE (Johannesburg) / NYSE
Harmony Gold Mining8.754.3280JSE / NYSE
African Rainbow Minerals22.406.5390JSE
Impala Platinum (Implats)18.207.1510JSE
Barrick Gold Corporation24.6043.71,210NYSE / TSX (Toronto)
Teck Resources36.9019.4870NYSE / TSX
AngloGold Ashanti15.306.9430JSE / NYSE
Vedanta Resources14.805.2340LSE (London)
Kaz Minerals28.508.6520LSE
Exxaro Resources16.753.9310JSE
BHP Billiton62.40158.34,500ASX (Australia) / LSE
ArcelorMittal30.1025.81,020Euronext (Amsterdam)
Vedanta Zinc International11.202.7180LSE
De Beers Group95.00*32.0*1,800*Private (Majority: Anglo)
Norilsk Nickel210.00 (RUB)48.52,300MOEX (Moscow)

Extra Reference :

JSE

Fundamental Analysis of Africa’s Best Mining Stocks :

CompanyDebt/Equity (D/E)P/E RatioROCE (%)Key Notes
Anglo American plc0.4514.218.5Strong copper/diamond performance
Sibanye Stillwater0.609.812.1High leverage, but improving PGM margins
Harmony Gold Mining0.3011.515.3Low debt, high ROCE from gold ops
African Rainbow Minerals0.258.420.6Conservative leverage, high returns
Impala Platinum (Implats)0.5010.714.8Moderate debt, stable PGM demand
Barrick Gold Corporation0.3516.522.0Low debt, high ROCE (Africa + Americas)
Teck Resources0.6512.316.4Higher debt (copper expansion)
AngloGold Ashanti0.4013.017.2Balanced D/E, strong Ghana ops
Vedanta Resources1.106.58.9High debt (zinc/copper pressure)
Kaz Minerals0.709.219.3Leveraged but high copper ROCE
Exxaro Resources0.207.824.0Low debt, coal-driven ROCE
BHP Billiton0.5518.026.5Diversified, high iron ore/copper returns
ArcelorMittal0.7510.111.8Steel margins recovering
Vedanta Zinc International0.905.97.5Struggling with zinc prices
De Beers Group0.40*N/A (private)25.0*High ROCE (diamond demand)
Norilsk Nickel0.508.728.4Dominant in nickel/palladium

TOP PICKS (Strong & Safe)

  1. Barrick Gold (GOLD) – Low debt, high profits, gold & copper growth.
  2. African Rainbow Minerals (ARI) – Very low debt, high returns, undervalued.
  3. BHP Billiton (BHP) – Big miner, strong in copper & iron ore.
  4. Norilsk Nickel (GMKN) – Best profitability (28% ROCE), nickel/palladium leader.

AVOID (High Risk or Weak Fundamentals)

  1. Vedanta Resources (VED) – Too much debt, struggling with zinc prices.
  2. Vedanta Zinc International – Even worse debt, low profits.
  3. Sibanye Stillwater (SBSW) – Platinum/palladium market uncertain.
  4. ArcelorMittal (MT) – High debt, weak steel margins.

HOLD (Wait for Better Opportunity)

  • Anglo American (AAL) – Decent but not great.
  • Teck Resources (TECK) – Good but high debt.
  • Impala Platinum (IMP) – Platinum recovery needed.

Best for:

  • Safe Investors: Barrick Gold & BHP.
  • Value Hunters: African Rainbow & Norilsk Nickel.
  • Avoid: Vedanta (debt trap), Sibanye (PGM risks).

Piotroski F Score Analysis of Africa’s Best Mining Companies Shares :

CompanyScore (0-9)Interpretation
Barrick Gold8Excellent Financials
BHP Billiton7Very Strong
African Rainbow Min.7High Profitability
Norilsk Nickel7Efficient but Risky
Anglo American6Moderately Healthy
Exxaro Resources6Stable but Coal-Exposed
Impala Platinum5Neutral
Teck Resources5Debt Concerns
AngloGold Ashanti5Average
Sibanye Stillwater4Weak
ArcelorMittal3Struggling
Vedanta Resources2High Risk
Vedanta Zinc Intl.2Very High Risk

Key Takeaways

Best Piotroski Scores (7-9) – Strong Buys

  • Barrick Gold (8) – Best in class, strong cash flow & profitability.
  • BHP (7) – Solid fundamentals, but slightly leveraged.
  • African Rainbow (7) – Low debt, but smaller liquidity.
  • Norilsk Nickel (7) – High efficiency, but Russia exposure is a risk.

Medium Scores (4-6) – Hold or Cautious

  • Exxaro (6) – Good but coal-dependent.
  • Anglo American (6) – Decent, but not outstanding.
  • Teck (5) – Debt concerns despite copper upside.

Worst Scores (0-3) – Avoid

  • Vedanta (2) – Debt crisis, weak cash flow.
  • ArcelorMittal (3) – Steel industry struggles.
  • Sibanye (4) – Leverage and PGM risks.

Final Verdict

  • Best for Value Investors: Barrick Gold, BHP, African Rainbow.
  • Avoid: Vedanta, ArcelorMittal, Sibanye.
  • Watchlist: Anglo American (if commodity mix improves).

Credit Rating Analysis of Best African Mining Stocks :

CompanyS&P RatingMoody’s RatingFitch Rating
Anglo American plcBBBBaa2BBB
Sibanye StillwaterB+B2B+
Harmony Gold MiningBB-Ba3BB-
African Rainbow MineralsBB+Ba1BB+
Impala Platinum (Implats)BBBa2BB
Barrick Gold CorporationBBB+Baa1BBB
Teck ResourcesBB+Ba1BB+
AngloGold AshantiBBBa2BB
Vedanta ResourcesB-Caa1CCC+
Kaz MineralsBB-Ba3BB-
Exxaro ResourcesBBB-Baa3BBB-
BHP BillitonA-A3A-
ArcelorMittalBBBa2BB
Vedanta Zinc InternationalCCC+Caa2CCC
De Beers GroupA-A3A-
Norilsk NickelBB+Ba1BB+

Final Words : Future Investment Analysis for Africa’s Best Mining Stocks

Future Prospects & Financial Strength

CompanyFuture ProspectsFinancial Strength
Barrick GoldGoodExcellent
BHP BillitonGoodVery Strong
African Rainbow Min.GoodHigh Profitability
Norilsk NickelFairEfficient but Risky
Anglo AmericanFairModerately Healthy
Exxaro ResourcesFairStable but Coal-Exposed
Impala PlatinumFairNeutral
Teck ResourcesFairDebt Concerns
AngloGold AshantiFairAverage
Sibanye StillwaterPoorWeak
ArcelorMittalPoorStruggling
Vedanta ResourcesPoorHigh Risk
Vedanta Zinc Intl.PoorVery High Risk

Investment Possibilities (Long Term & Short Term)

CompanyLong Term InvestmentShort Term Investment
Barrick GoldGoodGood
BHP BillitonGoodGood
African Rainbow Min.GoodFair
Norilsk NickelFairFair
Anglo AmericanFairFair
Exxaro ResourcesFairPoor
Impala PlatinumFairFair
Teck ResourcesFairPoor
AngloGold AshantiFairPoor
Sibanye StillwaterPoorPoor
ArcelorMittalPoorPoor
Vedanta ResourcesPoorVery Poor
Vedanta Zinc Intl.PoorVery Poor

Top Picks (Based on Financials and Future Prospects):

  1. Barrick Gold
    • Strong long-term and short-term prospects, with excellent financials.
    • A solid pick for both conservative and growth-oriented investors.
  2. BHP Billiton
    • Very strong financials with good future prospects.
    • A top-tier investment in both the long term and short term.
  3. African Rainbow Minerals
    • High profitability and solid future prospects.
    • A good choice for long-term investors, though short-term might be more moderate.
  4. Norilsk Nickel
    • Efficient operations but carries risks.
    • Suitable for both long-term and short-term investors, but with caution.
  5. Anglo American
    • Moderately healthy financials with fair future prospects.
    • Stable for long-term investment but watch for short-term fluctuations.

So this was it for Best Mining Stocks of Africa. You can read many fundamentals like Piotroski Analysis etc from this article which would be helpful in selecting the best companies for you. Best of luck.

Happy Investing

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