FY2018 EPS Estimates for Anglo American plc (NGLOY) Boosted by Jefferies Group

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

A number of other equities analysts also recently issued reports on NGLOY. ValuEngine upgraded Anglo American from a “hold” rating to a “buy” rating in a research report on Wednesday, November 15th. Deutsche Bank upgraded Anglo American from a “sell” rating to a “hold” rating in a research report on Friday, December 1st. Zacks Investment Research downgraded Anglo American from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 27th. Morgan Stanley upgraded Anglo American from an “equal weight” rating to an “overweight” rating in a research report on Thursday, January 11th. Finally, Macquarie upgraded Anglo American from a “neutral” rating to an “outperform” rating in a research report on Tuesday, January 23rd. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $10.00.

Anglo American (NGLOY) opened at $12.37 on Monday. The company has a quick ratio of 1.39, a current ratio of 1.98 and a debt-to-equity ratio of 0.42. Anglo American has a 1 year low of $5.95 and a 1 year high of $12.67.

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Anglo American Company Profile

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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