• Anglo American‘s first quarter diamond production fell short of estimates, reaching only 6.9 million carats instead of the projected 7.12 million.
• Despite this, the company’s copper production exceeded expectations with 198,000 tons, surpassing the estimate of 191,308.
• However, Platinum Group Metals production was lower than predicted, at 834,000 oz instead of the expected 850,661, based on two estimates.
• The company saw an increase in Steelmaking coal production by 7%, resulting from the performance of the Aquila longwall and Capcoal open cut operations.
• De Beers, part of the Anglo American group, made changes to decrease its diamond production for the year by around 3 million carats.
• This reduction, coupled with lower production in the PGM operations, led to no substantial change in overall production for the group compared to the same period last year.
• Current projected market consensus for Anglo American shows 13 buys, 9 holds, and 1 sell.
A look at Anglo American Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 2 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.2 |
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
Analysts utilizing the Smartkarma Smart Scores see a promising long-term outlook for Anglo American. With a solid momentum score of 5, the company is showing strong potential for future growth. This is complemented by respectable scores in value, dividend, and resilience, all standing at 3. While growth may have received a slightly lower score at 2, the overall picture remains positive for Anglo American.
As a global mining giant, Anglo American PLC boasts a diverse mining portfolio encompassing a wide range of commodities across multiple continents. The company’s operations span Africa, Europe, North and South America, Asia, and Australia, highlighting its extensive reach and presence in key mining regions worldwide.
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.
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