Analysts Set Anglo American (OTCMKTS:NGLOY) PT at $20.00

Shares of Anglo American (OTCMKTS:NGLOY) have been given a consensus recommendation of “Moderate Buy” by the eight ratings firms that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $20.00.

A number of equities research analysts have recently issued reports on NGLOY shares. JPMorgan Chase & Co. lowered shares of Anglo American from a “neutral” rating to an “underweight” rating in a research note on Monday, March 9th. Barclays reiterated an “overweight” rating on shares of Anglo American in a research note on Wednesday, February 25th. Oddo Bhf upgraded Anglo American to an “outperform” rating in a research note on Wednesday, April 15th. Citigroup raised Anglo American from a “neutral” rating to a “buy” rating in a report on Monday, February 2nd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Anglo American in a research report on Friday.

Anglo American Stock Down 2.5%

OTCMKTS NGLOY opened at $24.88 on Wednesday. The company has a current ratio of 1.98, a quick ratio of 1.54 and a debt-to-equity ratio of 0.60. Anglo American has a 12 month low of $13.33 and a 12 month high of $28.04. The company’s fifty day moving average price is $23.39 and its two-hundred day moving average price is $22.02.

Anglo American Company Profile

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.