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

Shares of Anglo American (OTCMKTS:NGLOY) have been given an average recommendation of “Buy” by the six ratings firms that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold recommendation, three have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $20.00.

Several brokerages recently issued reports on NGLOY. Barclays reaffirmed an “overweight” rating on shares of Anglo American in a research report on Wednesday, February 25th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Anglo American in a report on Monday, February 23rd. DZ Bank upgraded shares of Anglo American from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 25th. Finally, Citigroup upgraded shares of Anglo American from a “neutral” rating to a “buy” rating in a research note on Monday, February 2nd.

Anglo American Price Performance

Shares of NGLOY stock opened at $22.59 on Friday. Anglo American has a 12-month low of $12.70 and a 12-month high of $26.04. The business’s fifty day simple moving average is $23.19 and its 200-day simple moving average is $19.89. The company has a quick ratio of 1.65, a current ratio of 2.11 and a debt-to-equity ratio of 0.59.

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.