Anglo American PLC ADR
NGLOY: PINX (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$95.00 | Mnfy | Tbzynwzgy |
Lowering Anglo American's Fair Value Estimate by 10% After BHP Walks Away
Business Strategy and Outlook
As China rebalances away from infrastructure and construction-led growth, Anglo American is likely better positioned than most diversified peers. The company has greater exposure to consumption-oriented commodities like platinum and diamonds, which should enjoy better demand growth than investment-oriented commodities like iron ore and copper that prospered most in the past decade.