Anglo American: Too Cheap To Ignore

Bloomberg/Bloomberg via Getty Images Following Anglo American (OTCQX:NGLOY) (OTCQX:AAUKF) reset expectations in early December 2023, the company’s Q4 2023 realized commodity prices and operating performances align with previously communicated guidance. We can conclude that “No news is good news.” That said, Anglo is one of the largest diversified mining companies worldwide. It is headquartered in London and listed in ISE as well as in the FTSE. Anglo American’s leading commodities are iron ore and copper. Our team believes the company’s risk/reward is extremely attractive. Indeed, Anglo significantly underperformed over the last two years (-38.86% in stock price decline in 2023…