Brokerages Set Anglo American (OTCMKTS:NGLOY) Price Target at $20.00

Anglo American (OTCMKTS:NGLOY) has been given an average rating of “Moderate Buy” by the eight ratings firms that are currently covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $20.00.

Several brokerages recently issued reports on NGLOY. Citigroup reissued a “neutral” rating on shares of Anglo American in a research note on Friday, September 26th. Berenberg Bank set a $20.00 price target on Anglo American in a research report on Wednesday, October 8th. DZ Bank lowered Anglo American from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 11th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Anglo American in a research note on Monday, August 4th.

Anglo American Price Performance

Shares of NGLOY stock opened at $19.09 on Monday. The company’s 50-day simple moving average is $17.42 and its two-hundred day simple moving average is $15.43. Anglo American has a one year low of $12.70 and a one year high of $20.46. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.65 and a current ratio of 2.11.

Anglo American Cuts Dividend

The firm also recently declared a dividend, which was paid on Tuesday, October 7th. Stockholders of record on Monday, August 25th were given a $0.028 dividend. The ex-dividend date of this dividend was Friday, August 22nd.

About Anglo American

Anglo American plc operates as a mining company in the United Kingdom and internationally. It explores for rough and polished diamonds, copper, platinum group metals and nickel, steelmaking coal, and iron ore; and nickel, polyhalite, and manganese ores. Anglo American plc was founded in 1917 and is headquartered in London, the United Kingdom.