- Anglo American has lowered its FY diamond production forecast from 29-32 million to 26-29 million carats. Estimate was 27.77 million carats
- Copper production is projected to be 730,000 to 790,000 tons. The estimate was 768,275 tons
- Iron ore production is expected to remain steady at 58 million to 62 million metric tonnes. Estimate was 60.1 million tonnes
- Platinum Group Metals production is also expected to be constant at 3.3 million to 3.7 million ounces. The estimate was 3.45 million ounces
- The projected steelmaking coal production is from 15 million to 17 million tons, matching earlier predictions. The estimate was 15.67 million tons
- First-quarter results show a decrease in diamond production at 6.9 million carats, down 22% y/y. The estimate was 7.12 million carats
- Copper production in the first quarter was 198,000 tons, marking an 11% increase y/y. The estimate was 191,308 tons
- First quarter Platinum Group Metals production was 834,000 ounces, down 7.4% y/y. The estimate was 850,661 ounces
- The decrease in diamond production in the first quarter was mainly due to implemented changes to lower production in response to market inventory
- Current ratings for Anglo American stand at 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
Anglo American PLC, a global mining company, is poised for a promising long-term outlook as per Smartkarma Smart Scores. With a strong momentum score of 5, indicating robust market performance, Anglo American shows excellent potential for growth. Moreover, the company’s resilience score of 3 underscores its ability to weather economic fluctuations, adding to its stability. While the growth score of 2 suggests moderate growth prospects, Anglo American‘s value and dividend scores of 3 reflect a balanced approach to shareholder returns.
Operating in key regions across the globe including Africa, Europe, North and South America, Asia, and Australia, Anglo American PLC boasts a diverse mining portfolio encompassing various commodities. Combining solid value, consistent dividends, resilience, and potent momentum, Anglo American stands out as a promising investment opportunity in the ever-evolving mining industry.
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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