Last price: R 161.70Updated: 2 years ago52w range:
R 146.62
to
R 253.47
52w change:
10.00%
to
-36.00%
Forward PE: 4.29Trailing EPS: 0.25
50d average: R 173.92
(-7%)
200d average: R 177.01
(-9%)
Open: R 162.50Previous close: R 163.13
Change: -R 1.43
(-0.88%)
Day high: R 163.34Day low: R 159.28Volume: 647.10 thousandAvg. vol 3m: 412.21 thousand
African Rainbow Minerals Limited, often referred to as ARM, is a leading diversified South African mining company with a business portfolio that stretches across the key sectors of South Africa's mining industry, including chrome ore, manganese, iron ore, nickel, copper, coal, and platinum group metals.
ARM was founded by Patrice Motsepe in 1994, the first black partner in a law firm Bowman Gilfillan, at the time when South Africa was going through political changes and was promoting entrepreneurship.
From a financial perspective, ARM has often provided its investors with competitive return rates, thanks to its diverse operations that spread investment risk. The company practices a variable dividend policy linked to headline earnings and considering the financial position of the existing company.
ARM follows a responsible mining approach and prioritizes environmental, social, and governance (ESG) principles, which is a significant factor for your investment consideration in the current business climate favoring ESG-compliant enterprises.
However, like many mining firms, ARM is subject to volatility in global commodity prices as well as various regulatory and geopolitical risks, both within South Africa and in the global mining industry. Assessing risk becomes absolutely essential in making decisions about investing in ARM.
Before making an investment, it is crucial to conduct in-depth analysis and due diligence by checking the recent financial performance of ARM, understanding its growth strategy, the dynamics of the commodities market, and the geopolitical factors impacting the mining industry.
Please remember that while investing, your capital is always at risk. Experts recommend diversifying your investment portfolio to spread the risk. Always make sure that you take professional advice tailored to your personal circumstances before making any investment decision.