Anglo American (OTCMKTS:NGLOY – Get Free Report)’s stock price passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $25.18 and traded as high as $26.16. Anglo American shares last traded at $25.9750, with a volume of 282,314 shares traded.
Analyst Upgrades and Downgrades
Several analysts have issued reports on the company. Scotiabank assumed coverage on Anglo American in a research note on Tuesday, September 8th. They issued an “outperform” rating on the stock. JPMorgan Chase & Co. upgraded Anglo American from an “underweight” rating to a “neutral” rating in a research note on Wednesday, October 14th. Zacks Research raised Anglo American from a “strong sell” rating to a “hold” rating in a report on Monday, October 5th. Finally, Freedom Broker cut Anglo American from a “hold” rating to a “strong sell” rating in a research note on Friday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Anglo American currently has a consensus rating of “Moderate Buy” and an average target price of $28.00.
Read Our Latest Stock Report on Anglo American
Anglo American Stock Performance
The business has a fifty day moving average of $26.87 and a 200-day moving average of $25.18. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.78 and a current ratio of 2.21.
About Anglo American
Anglo American plc is a global mining company headquartered in London, United Kingdom. Founded in 1917, the company explores for, develops and produces a range of natural resources used in construction, manufacturing, energy and consumer products.
Its principal commodities have included copper, iron ore, platinum-group metals, nickel, metallurgical coal and diamonds. Anglo American has operated mines and processing facilities across Africa, Australia, South America and other international markets.
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