Anglo American FY2027 Earnings Forecast Raised by Scotiabank

Anglo American (OTCMKTS:NGLOY) – Scotiabank lifted their FY2027 earnings per share estimates for shares of Anglo American in a research report issued on Tuesday, October 13th. Scotiabank analyst O. Wowkodaw now forecasts that the mining company will earn $1.39 per share for the year, up from their prior estimate of $1.30. Scotiabank currently has an “Outperform” rating on the stock. The consensus estimate for Anglo American’s current full-year earnings is $1.21 per share.

A number of other brokerages have also recently weighed in on NGLOY. Barclays reiterated an “overweight” rating on shares of Anglo American in a research report on Tuesday, July 7th. Berenberg Bank set a $28.00 price objective on Anglo American and gave the stock a “hold” rating in a research note on Thursday, June 18th. Zacks Research raised Anglo American from a “strong sell” rating to a “hold” rating in a report on Monday, October 5th. Finally, JPMorgan Chase & Co. raised Anglo American from an “underweight” rating to a “neutral” rating in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Anglo American currently has an average rating of “Moderate Buy” and an average price target of $28.00.

Anglo American Stock Performance

Anglo American stock opened at $26.70 on Thursday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.78 and a current ratio of 2.21. Anglo American has a one year low of $17.49 and a one year high of $29.61. The business has a 50 day simple moving average of $27.40 and a 200 day simple moving average of $25.85.

Anglo American Company Profile

Anglo American plc is a global mining company headquartered in London, United Kingdom. The company explores for, develops and produces a range of metals and minerals used in construction, manufacturing, transportation, energy and consumer products. Its principal commodities include copper, premium iron ore, platinum-group metals and diamonds.

Anglo American’s copper business has operations in South America, while its iron ore activities include production in South Africa and Brazil. The company’s platinum-group-metals operations are concentrated in southern Africa, and its diamond business operates through De Beers, which mines, sorts, sells and markets rough and polished diamonds.