Anglo American PLC ADR
NGLOY: PINX (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| $45.20 | Pcnn | Crxyxgwvp |
Anglo American's Fair Value Estimate Lowered by 4%; Shares Close to Fair Value
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.