- Anglo American reported an adjusted profit of $175 million for the first half of the year.
- The company achieved adjusted earnings per share (EPS) of 32 cents.
- Adjusted EBITDA totaled $2.96 billion, in line with expectations.
- Total revenue for the period was $8.95 billion.
- Copper adjusted EBITDA reached $1.76 billion, slightly above the estimated $1.75 billion.
- Iron Ore adjusted EBITDA was $1.41 billion, just below the estimated $1.44 billion.
- Capital expenditure came in at $1.59 billion, well below the estimated $2.51 billion.
- An interim dividend of 7.0 cents per share was declared.
- The group achieved an underlying EBITDA of $3.0 billion, maintaining cost discipline amidst challenging market conditions.
- The investment community currently has 10 buy ratings, 10 hold ratings, and 2 sell ratings for the stock.
Anglo American on Smartkarma
Analyst coverage of Anglo American on Smartkarma by Baptista Research sheds light on the company’s recent developments. The report titled “Anglo American: Initiation of Coverage- Copper Production Expansion & Optimization Driving Our Optimism!” delves into the company’s 2024 results, showcasing strategic shifts and operational execution. Despite some mixed outcomes, safety remains a key focus for Anglo American, although the company has faced challenges with three fatalities. Additionally, leadership changes, such as the addition of Anne Wade to the board, have influenced the company’s strategic direction.
A look at Anglo American Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 2 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 2.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Anglo American PLC appears to have a moderately positive long-term outlook. The company scores average to above average across key factors such as value, dividend, resilience, and momentum. This suggests a solid overall performance for Anglo American in the foreseeable future.
As a global mining company with a diverse portfolio of mining operations across various continents, including Africa, Europe, North and South America, Asia, and Australia, Anglo American PLC seems well-positioned to navigate market challenges and capitalize on opportunities for growth and stability. While growth scores slightly lower, the company’s strengths in other areas contribute to a balanced outlook for investors considering Anglo American for their portfolio.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
