Jefferies Financial Group Research Analysts Lift Earnings Estimates for Anglo American plc Unsponsored (OTCMKTS:NGLOY)

Anglo American plc Unsponsored (OTCMKTS:NGLOY) – Research analysts at Jefferies Financial Group raised their FY2020 earnings per share estimates for Anglo American in a research report issued to clients and investors on Monday, September 14th. Jefferies Financial Group analyst C. Lafemina now expects that the mining company will earn $1.09 per share for the year, up from their prior forecast of $0.97. Jefferies Financial Group also issued estimates for Anglo American’s FY2022 earnings at $1.49 EPS, FY2023 earnings at $1.82 EPS and FY2024 earnings at $1.81 EPS.

A number of other equities research analysts have also recently weighed in on NGLOY. Royal Bank of Canada upgraded shares of Anglo American from a “sector perform” rating to an “outperform” rating in a research note on Thursday, June 18th. Zacks Investment Research raised Anglo American from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a report on Thursday, August 13th. Barclays reaffirmed an “overweight” rating on shares of Anglo American in a report on Tuesday. Deutsche Bank reaffirmed a “buy” rating on shares of Anglo American in a report on Thursday, July 2nd. Finally, Goldman Sachs Group started coverage on Anglo American in a report on Tuesday, July 14th. They set a “neutral” rating on the stock. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $14.00.

Shares of OTCMKTS NGLOY opened at $12.69 on Wednesday. Anglo American has a fifty-two week low of $5.91 and a fifty-two week high of $14.81. The firm’s 50-day simple moving average is $12.42 and its 200 day simple moving average is $10.68. The company has a quick ratio of 1.24, a current ratio of 1.92 and a debt-to-equity ratio of 0.31. The stock has a market cap of $34.59 billion, a P/E ratio of 9.40 and a beta of 0.93.

About Anglo American

Anglo American plc, together with its subsidiaries, engages in exploring, mining, and processing various metals and minerals worldwide. The company explores for rough and polished diamonds, copper, platinum group metals, metallurgical and thermal coal, and iron; and nickel and manganese ores, as well as alloys.

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Earnings History and Estimates for Anglo American (OTCMKTS:NGLOY)

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