Anglo American (NGLOY) Expected to Post Quarterly Earnings on Thursday

Anglo American (OTCMKTS:NGLOY) is expected to announce its resultson Thursday, July 30th. Analysts expect Anglo American to announce earnings of $0.3563 per share and revenue of $11.2095 billion for the quarter.

Anglo American Price Performance

NGLOY stock opened at $23.81 on Thursday. Anglo American has a 12-month low of $13.56 and a 12-month high of $29.00. The stock’s 50 day simple moving average is $25.51 and its 200 day simple moving average is $24.09. The company has a quick ratio of 1.54, a current ratio of 1.98 and a debt-to-equity ratio of 0.60.

Analyst Upgrades and Downgrades

NGLOY has been the topic of several research analyst reports. Barclays restated an “overweight” rating on shares of Anglo American in a research note on Tuesday, July 7th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Anglo American in a report on Friday, May 15th. Berenberg Bank set a $28.00 price target on Anglo American and gave the stock a “hold” rating in a research report on Thursday, June 18th. Oddo Bhf raised Anglo American to an “outperform” rating in a research note on Wednesday, April 15th. Finally, Zacks Research raised Anglo American from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 2nd. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Anglo American currently has a consensus rating of “Moderate Buy” and an average target price of $28.00.

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.