Anglo American plc to Post FY2017 Earnings of $1.31 Per Share, Jefferies Group Forecasts (NGLOY)

Anglo American plc (OTCMKTS:NGLOY) – Stock analysts at Jefferies Group lifted their FY2017 earnings per share (EPS) estimates for shares of Anglo American in a report issued on Friday. Jefferies Group analyst C. Lafemina now forecasts that the mining company will earn $1.31 per share for the year, up from their prior forecast of $1.18. Jefferies Group has a “Buy” rating on the stock.

A number of other equities analysts have also weighed in on the stock. Zacks Investment Research lowered shares of Anglo American from a “buy” rating to a “hold” rating in a research report on Tuesday, September 12th. Deutsche Bank upgraded shares of Anglo American from a “sell” rating to a “hold” rating in a report on Friday, December 1st. upgraded shares of Anglo American from a “hold” rating to a “buy” rating in a report on Tuesday, October 3rd. Finally, ValuEngine upgraded shares of Anglo American from a “hold” rating to a “buy” rating in a report on Wednesday, November 15th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $10.00.

Shares of Anglo American (OTCMKTS:NGLOY) opened at $11.07 on Monday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.39 and a current ratio of 1.98. Anglo American has a one year low of $5.95 and a one year high of $10.96.

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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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