Anglo American (NGLOY) – What Are Researchers Saying About This Stock?

Shares of Anglo American (OTCMKTS:NGLOY) have received a consensus recommendation of “Moderate Buy” from the ten analysts that are currently covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $28.00.

Several research analysts have recently issued reports on the stock. Scotiabank started coverage on shares of Anglo American in a research note on Tuesday, September 8th. They issued an “outperform” rating on the stock. Berenberg Bank set a $28.00 target price on shares of Anglo American and gave the stock a “hold” rating in a report on Thursday, June 18th. Zacks Research raised Anglo American from a “strong sell” rating to a “hold” rating in a research note on Monday, October 5th. Barclays restated an “overweight” rating on shares of Anglo American in a research report on Tuesday, July 7th. Finally, JPMorgan Chase & Co. upgraded Anglo American from an “underweight” rating to a “neutral” rating in a research report on Wednesday.

Anglo American Stock Down 2.8%

OTCMKTS NGLOY opened at $26.70 on Friday. Anglo American has a 52 week low of $17.49 and a 52 week high of $29.61. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.21 and a quick ratio of 1.78. The stock has a fifty day moving average of $27.40 and a 200-day moving average of $25.85.

About Anglo American

Anglo American plc is a global mining company headquartered in London, United Kingdom. The company explores for, develops and produces a range of metals and minerals used in construction, manufacturing, transportation, energy and consumer products. Its principal commodities include copper, premium iron ore, platinum-group metals and diamonds.

Anglo American’s copper business has operations in South America, while its iron ore activities include production in South Africa and Brazil. The company’s platinum-group-metals operations are concentrated in southern Africa, and its diamond business operates through De Beers, which mines, sorts, sells and markets rough and polished diamonds.