Earnings Alerts

Anglo American (AAL) Earnings: Diamond and Metal Production Meet Estimates in 2Q







  • Anglo American‘s diamond production in the second quarter of 2024 reached 6.4 million carats.
  • The estimated diamond production was 6.39 million carats, so the actual number met expectations.
  • Copper production for the quarter was 196,000 tons.
  • This exceeded the estimated copper production of 180,503 tons.
  • Platinum Group Metals production totaled 921,000 ounces.
  • The estimated Platinum Group Metals production ranged from 882,533 ounces.
  • De Beers’ diamond production aligns with the revised, lower guidance issued in the first quarter production report.
  • An unspecified incident led to the suspension of operations, with Grosvenor’s production being excluded from the Steelmaking Coal guidance for the second half of the year.
  • Analysts’ ratings include 10 buys, 10 holds, and 1 sell.



Anglo American on Smartkarma



Analysts on Smartkarma have provided insightful coverage of Anglo American, particularly in relation to the recent developments with BHP. Charlotte van Tiddens, CFA, noted that the market is pricing a potential Anglo restructuring due to concerns over the failed deal with BHP. Meanwhile, Jesus Rodriguez Aguilar highlighted Anglo’s rejection of BHP’s increased offer, citing execution risks and value disparities.

Charlotte van Tiddens, CFA, also delved into the potential JSE index effects of a takeover or restructuring involving Anglo American, while Jesus Rodriguez Aguilar reported on BHP’s consideration of a sweetened proposal for Anglo. Additionally, David Blennerhassett discussed the decarbonizing aspect of the BHP/Anglo proposal, emphasizing the strategic importance of AAL’s copper assets amidst increasing demand in EV and renewable energy sectors.



A look at Anglo American Smart Scores

FactorScoreMagnitude
Value3
Dividend3
Growth2
Resilience3
Momentum5
OVERALL SMART SCORE3.2

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 with operations on multiple continents, is positioned for a promising long-term outlook based on its Smartkarma Smart Scores. These scores indicate that Anglo American scores well for resilience and momentum, which are crucial factors for sustained success in the market. With solid scores for value and dividend, the company demonstrates a strong financial foundation and commitment to providing returns to its investors.

While the growth score is not the highest, Anglo American‘s overall Smart Scores suggest a favorable trajectory for the company. With a diverse mining portfolio that includes bulk commodities, base metals, and precious metals, Anglo American PLC is primed to leverage its global presence and drive continued growth and profitability in the mining sector in the coming years.


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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