Anglo American (OTCMKTS:NGLOY) Receives Average Rating of “Moderate Buy” from Analysts

Anglo American (OTCMKTS:NGLOY) has been given a consensus rating of “Moderate Buy” by the ten brokerages that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $28.00.

A number of brokerages recently issued reports on NGLOY. Barclays restated an “overweight” rating on shares of Anglo American in a report on Tuesday, July 7th. Scotiabank assumed coverage on shares of Anglo American in a report on Tuesday, September 8th. They issued an “outperform” rating for the company. Berenberg Bank set a $28.00 price objective on shares of Anglo American and gave the company a “hold” rating in a research report on Thursday, June 18th. Zacks Research cut shares of Anglo American from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 31st. Finally, Freedom Capital downgraded Anglo American from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 16th.

Anglo American Stock Down 1.9%

Shares of NGLOY stock opened at $26.71 on Tuesday. The stock has a 50-day moving average of $26.28 and a 200-day moving average of $25.08. The company has a quick ratio of 1.54, a current ratio of 1.98 and a debt-to-equity ratio of 0.60. Anglo American has a one year low of $17.09 and a one year high of $29.61.

Anglo American Company Profile

Anglo American plc is a global mining company headquartered in London, England. Its portfolio is centered on copper, premium iron ore and crop nutrients, with operations and development projects spanning Africa, Australia, South America and the United Kingdom. The company produces raw materials used in infrastructure, manufacturing, transportation, agriculture and the energy transition.

Anglo American’s copper business includes mines in Chile and Peru, while its iron ore operations include Kumba Iron Ore in South Africa and Minas-Rio in Brazil.