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

Anglo American (OTCMKTS:NGLOY) has received an average rating of “Moderate Buy” from the ten research firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $28.00.

Several research analysts recently weighed in on the company. Oddo Bhf raised Anglo American to an “outperform” rating in a research note on Wednesday, April 15th. Berenberg Bank set a $28.00 price target on shares of Anglo American and gave the stock a “hold” rating in a research report on Thursday, June 18th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Anglo American in a report on Friday, May 15th. Barclays restated an “overweight” rating on shares of Anglo American in a research report on Tuesday, July 7th. Finally, Zacks Research raised shares of Anglo American from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 2nd.

Anglo American Price Performance

Shares of NGLOY stock opened at $24.74 on Monday. Anglo American has a 1 year low of $13.56 and a 1 year high of $29.00. The business’s fifty day moving average is $25.44 and its 200-day moving average is $24.14. The company has a current ratio of 1.98, a quick ratio of 1.54 and a debt-to-equity ratio of 0.60.

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.