Anglo American (OTCMKTS:NGLOY) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Anglo American (OTCMKTS:NGLOY) have received an average recommendation of “Moderate Buy” from the seven ratings firms that are currently covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $20.00.

NGLOY has been the subject of a number of analyst reports. Berenberg Bank set a $20.00 target price on shares of Anglo American in a research note on Wednesday, October 8th. Citigroup reiterated a “neutral” rating on shares of Anglo American in a report on Friday, September 26th.

Anglo American Stock Performance

OTCMKTS:NGLOY opened at $21.60 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.11 and a quick ratio of 1.65. Anglo American has a fifty-two week low of $12.70 and a fifty-two week high of $22.00. The company has a 50 day simple moving average of $19.37 and a two-hundred day simple moving average of $17.44.

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.