Anglo American (OTCMKTS:NGLOY) Hits New 12-Month High – Should You Buy?

Shares of Anglo American (OTCMKTS:NGLOY) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $26.00 and last traded at $25.83, with a volume of 60565 shares changing hands. The stock had previously closed at $24.87.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Anglo American in a research report on Monday. Citigroup upgraded Anglo American from a “neutral” rating to a “buy” rating in a report on Monday, February 2nd. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Anglo American has a consensus rating of “Buy” and an average price target of $20.00.

Anglo American Stock Performance

The company has a quick ratio of 1.65, a current ratio of 2.11 and a debt-to-equity ratio of 0.59. The firm has a fifty day simple moving average of $22.55 and a 200-day simple moving average of $19.49.

About Anglo American

Anglo American plc is a multinational mining company headquartered in London that explores for, mines, processes and markets a broad range of commodities. Its principal activities cover the extraction and processing of bulk and specialty metals and minerals, including copper, iron ore, platinum group metals (PGMs), diamonds, nickel and both metallurgical and thermal coal. Anglo American’s operations span the full value chain from greenfield exploration and mine development through to mineral processing, smelting, refining and the sale of mined products to industrial and consumer markets worldwide.

The company has a long history in the mining industry, having been established in the early 20th century and grown into one of the world’s major mining groups.