AllAnalyst Report
logoMorningstarJanuary 21, 2021

Anglo American plc: Bargains Hard to Come by as Commodity Prices Buoy Miners’ Earnings and Share Prices

Symbols
NGLOY
Sector(s)
Basic Materials
Rating
Current Price
$21.94
Fair Value
Economic Moat
Stewardship
Summary

Anglo American's mining portfolio spans many commodities and continents. Like fellow large diversified miners, Anglo has significant exposure to copper, coal, and iron ore, but it is unique in its significant platinum output. The company accounts for about one third of the world’s platinum supply and just over 20% of palladium supply. Anglo also owns 85% of De Beers, in most years the world's largest supplier and marketer of rough gem diamonds.

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Analyst Profile

Mathew Hodge

Director
Mathew Hodge is a director of equity research for Morningstar Australasia Pty Ltd, a wholly owned subsidiary of Morningstar, Inc. He covers the global metals and mining sector and has more than 15 years' experience. In addition, he has sat on Morningstar's global moat committee since 2014.In 2001, Hodge joined Aspect Huntley, which was subsequently acquired by Morningstar and previously worked in the mining industry in both underground coal and metalliferous mining in mining engineering roles.Hodge holds the Chartered Financial Analyst® designation.