Regency View:

CLOSE Anglo Asian Mining (AAZ)

CLOSE Anglo Asian Mining (AAZ) at 86p

Anglo Asian’s production levels have been declining over the last year and our position has tracked sideways since we highlighted the stock back in May 2020.

The market is forecasting a 60% contraction in earnings next year, leaving Anglo Asian’s forward PE of 16 looking very unappealing.

With this in mind, we’re going to take a loss on the position and reduce our mining exposure.

Loss = -26.1% (including dividends)

AAZ Daily Candle Chart