Anglo American plc to Post FY2018 Earnings of $1.21 Per Share, Jefferies Group Forecasts (NGLOY)

Anglo American plc (OTCMKTS:NGLOY) – Equities researchers at Jefferies Group lifted their FY2018 earnings estimates for Anglo American in a report released on Thursday. Jefferies Group analyst C. Lafemina now expects that the mining company will post earnings per share of $1.21 for the year, up from their previous forecast of $1.06. Jefferies Group has a “Buy” rating on the stock.

Several other brokerages also recently commented on NGLOY. Macquarie raised Anglo American from a “neutral” rating to an “outperform” rating in a research note on Tuesday, January 23rd. Zacks Investment Research raised Anglo American from a “sell” rating to a “hold” rating in a research report on Saturday. Morgan Stanley raised Anglo American from an “equal weight” rating to an “overweight” rating in a research report on Thursday, January 11th. ValuEngine raised Anglo American from a “buy” rating to a “strong-buy” rating in a research report on Monday, February 5th. Finally, Deutsche Bank raised Anglo American from a “sell” rating to a “hold” rating in a report on Friday, December 1st. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $10.00.

Shares of Anglo American (OTCMKTS:NGLOY) traded down $0.11 during trading on Monday, hitting $12.26. The stock had a trading volume of 58,171 shares, compared to its average volume of 248,273. Anglo American has a 12-month low of $5.95 and a 12-month high of $12.67. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.98 and a quick ratio of 1.39.

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About Anglo American

Anglo American plc is a mining company. The Company has a portfolio of mining operations and undeveloped resources with a focus on diamonds, copper, platinum group metals (PGMs), and bulk commodities and other minerals. Its segments include De Beers, Platinum, Copper, Nickel, Niobium and Phosphates, Iron Ore and Manganese, Coal, and Corporate and other.

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