Top 10 Best Performing UK Stocks of 2016

Miners and oil producers are among the top 10 best performing UK stocks in 2016. The winning stock is up more than 200%, data from Morningstar  reveals

Karen Kwok 30 December, 2016 | 3:49PM

Anglo American (AAL)

Return year to date: 289%

Commodities and mining stocks have seen massive gains in 2016. The coking coal price quadrupled, iron ore and thermal coal doubled in value, and copper is up 35% this year. However Morningstar equity analyst Mathew Hodge sees meaningful downside for commodity prices from current levels. 

As China rebalances away from infrastructure and construction-led growth, long-lagging Anglo American will find itself better positioned than most diversified peers, said Hodge. The company has greater exposure to consumption-oriented commodities like platinum and diamonds, which should enjoy better demand growth than investment-oriented commodities like iron ore and copper that prospered most in the past decade. There Hodge believes that Anglo American is at a unique position among global miners with significant platinum and diamond exposure.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Anglo American PLC1,569.60 GBX-1.99
BHP Group PLC1,550.00 GBX0.36
BP PLC310.00 GBX-0.61
Fresnillo PLC794.00 GBX2.72
Glencore PLC148.12 GBX-1.61
Morrison (Wm) Supermarkets PLC181.75 GBX0.64
Rio Tinto PLC4,262.50 GBX1.22
Royal Dutch Shell PLC B1,241.40 GBX-0.32
Smiths Group PLC1,264.00 GBX1.77

About Author

Karen Kwok

Karen Kwok  is a Reporter for Morningstar.co.uk

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