Anglo American FY2027 Earnings Forecast Raised by Scotiabank

Anglo American (OTCMKTS:NGLOY) – Scotiabank raised their FY2027 earnings estimates for shares of Anglo American in a report issued on Tuesday, October 13th. Scotiabank analyst O. Wowkodaw now anticipates that the mining company will earn $1.39 per share for the year, up from their prior forecast of $1.30. Scotiabank 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 equities analysts also recently weighed in on NGLOY. Zacks Research raised shares of Anglo American from a “strong sell” rating to a “hold” rating in a research note on Monday, October 5th. 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 target on shares of Anglo American and gave the company a “hold” rating in a research note on Thursday, June 18th. Finally, JPMorgan Chase & Co. raised shares of Anglo American from an “underweight” rating to a “neutral” rating in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Anglo American presently has a consensus rating of “Moderate Buy” and a consensus target price of $28.00.

Anglo American Stock Performance

NGLOY 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 1-year low of $17.49 and a 1-year high of $29.61. The firm has a 50-day moving average price of $27.40 and a two-hundred day moving average price 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.