Berenberg Bank Reiterates Anglo American plc

Berenberg Bank has reiterated a Buy recommendation for Anglo American plc (OTCPK:NGLOY), with an average one-year price target of $19.13/share, suggesting a 26.89% upside from its latest closing price. This positive outlook is underpinned by strong financial projections, including a 39.89% increase in projected annual revenue to $37,296MM and a non-GAAP EPS of $4.35. Institutional sentiment also reflects growing interest, with the average portfolio weight dedicated to NGLOY increasing by 75.46% over the last quarter.

Analysis

Berenberg Bank reiterated a "Buy" recommendation for Anglo American plc (OTCPK:NGLOY) on October 30, 2025, signaling strong conviction. The average one-year price target stands at $19.13 per share, representing a significant 26.89% upside from its recent closing price of $15.08. This target range, from $13.49 to $24.53, suggests a broad but generally positive analyst outlook.

This bullish stance is underpinned by robust financial projections for NGLOY. The company's projected annual revenue is expected to reach $37,296 million, marking a substantial 39.89% year-over-year increase. Furthermore, analysts anticipate a non-GAAP EPS of $4.35, indicating strong profitability alongside revenue growth.

Institutional investor sentiment also reflects growing confidence in NGLOY. While the number of funds reporting positions remained unchanged at 16, the average portfolio weight dedicated to NGLOY surged by 75.46% over the last quarter to 0.03%. Total shares owned by institutions increased marginally by 0.31% to 233,000 shares, suggesting a concentrated increase in conviction among existing holders.

Key Decisions for Investors

• Investors should consider NGLOY for potential long positions given the reiterated "Buy" rating and 26.89% implied upside from the $19.13 average price target.
• Monitor the company's progress against the projected 39.89% revenue growth and $4.35 non-GAAP EPS, as these are key drivers of the positive outlook.
• Evaluate the implications of increased institutional portfolio weighting, which suggests growing conviction among professional money managers, while noting the relatively small overall institutional ownership percentage.