Published on 23 Jul 2022 on Simply Wall St. via Yahoo Finance
With its stock down 23% over the past three months, it is easy to disregard Anglo American (LON:AAL). However, stock prices are usually driven by a company’s financial performance over the long term, which in this case looks quite promising. Particularly, we will be paying attention to Anglo American's ROE today.
Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors’ money. In simpler terms, it measures the profitability of a company in relation to shareholder's equity.
Check out our latest analysis for Anglo American