Analysts Issue Forecasts for Anglo American plc’s FY2022 Earnings (OTCMKTS:NGLOY)

Anglo American plc (OTCMKTS:NGLOY – Get Rating) – Equities research analysts at Jefferies Financial Group reduced their FY2022 earnings per share estimates for Anglo American in a report issued on Thursday, April 21st. Jefferies Financial Group analyst C. Lafemina now forecasts that the mining company will earn $3.16 per share for the year, down from their prior estimate of $3.34. Jefferies Financial Group also issued estimates for Anglo American’s FY2023 earnings at $3.03 EPS, FY2024 earnings at $3.32 EPS and FY2025 earnings at $3.19 EPS.

A number of other equities analysts have also weighed in on NGLOY. Royal Bank of Canada lowered shares of Anglo American from an “outperform” rating to a “sector perform” rating in a research report on Friday. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Anglo American from GBX 4,100 ($53.34) to GBX 4,300 ($55.95) in a research report on Tuesday, April 5th. Zacks Investment Research upgraded shares of Anglo American from a “hold” rating to a “strong-buy” rating and set a $26.00 price target on the stock in a research report on Tuesday, February 8th. Morgan Stanley boosted their price target on shares of Anglo American to GBX 2,900 ($37.73) in a research report on Wednesday, January 19th. Finally, HSBC began coverage on shares of Anglo American in a research report on Friday, March 18th. They set a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $3,247.00.

NGLOY stock opened at $22.03 on Monday. Anglo American has a 52 week low of $16.75 and a 52 week high of $27.80. The firm has a 50-day simple moving average of $25.64 and a 200-day simple moving average of $22.30. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.79 and a quick ratio of 1.29.

About Anglo American (Get Rating)

Anglo American plc operates as a mining company worldwide. The company explores for rough and polished diamonds, copper, platinum group metals, metallurgical and thermal coal, and iron ore; and nickel, polyhalite, and manganese ores, as well as alloys. Anglo American plc was founded in 1917 and is headquartered in London, the United Kingdom.

Recommended Stories