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Berenberg Bank Remains a Buy on Anglo American (NGLOY)

Tipranks - Tipranks - Fri Mar 6, 12:38AM CST

Berenberg Bank analyst Richard Hatch maintained a Buy rating on Anglo American yesterday and set a price target of $26.00. The company’s shares closed yesterday at $23.51.

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According to TipRanks, Hatch is a 5-star analyst with an average return of 27.7% and a 59.63% success rate. Hatch covers the Basic Materials sector, focusing on stocks such as Rio Tinto, Anglo American, and Anglo American.

Anglo American has an analyst consensus of Moderate Buy, with a price target consensus of $26.00.

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Based on Anglo American’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $9.53 billion and a GAAP net loss of $1.86 billion. In comparison, last year the company earned a revenue of $12.9 billion and had a GAAP net loss of $2.37 billion

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