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

Shares of Anglo American (OTCMKTS:NGLOY) have been given a consensus recommendation of “Moderate Buy” by the nine ratings firms that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $28.00.

A number of research firms have issued reports on NGLOY. Freedom Capital downgraded shares of Anglo American from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 16th. Berenberg Bank set a $28.00 target price on shares of Anglo American and gave the stock a “hold” rating in a report on Thursday, June 18th. JPMorgan Chase & Co. cut shares of Anglo American from a “neutral” rating to an “underweight” rating in a report on Monday, March 9th. Oddo Bhf upgraded Anglo American to an “outperform” rating in a research note on Wednesday, April 15th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Anglo American in a research report on Friday, May 15th.

Anglo American Price Performance

NGLOY stock opened at $24.58 on Thursday. Anglo American has a 52 week low of $13.56 and a 52 week high of $29.00. The company’s 50-day simple moving average is $25.92 and its 200 day simple moving average is $23.64. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.54 and a current ratio of 1.98.

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.