Anglo American (OTCMKTS:NGLOY) Receives $28.00 Consensus Target Price from Brokerages

Shares of Anglo American (OTCMKTS:NGLOY) have been assigned a consensus rating of “Moderate Buy” from the nine analysts that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $28.00.

NGLOY has been the subject of a number of research analyst reports. Barclays reiterated an “overweight” rating on shares of Anglo American in a research report on Tuesday, July 7th. Freedom Capital downgraded shares of Anglo American from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 16th. Zacks Research lowered shares of Anglo American from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 31st. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Anglo American in a research note on Friday, May 15th. Finally, Berenberg Bank set a $28.00 price target on shares of Anglo American and gave the stock a “hold” rating in a report on Thursday, June 18th.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Anglo American stock. Foster & Motley Inc. purchased a new position in shares of Anglo American (OTCMKTS:NGLOY) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 4,309 shares of the mining company’s stock, valued at approximately $1,207,000. 0.03% of the stock is owned by institutional investors.

Anglo American Stock Up 0.0%

Shares of OTCMKTS NGLOY opened at $28.86 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.54 and a current ratio of 1.98. The stock’s 50-day simple moving average is $25.53 and its two-hundred day simple moving average is $24.80. Anglo American has a twelve month low of $14.79 and a twelve month high of $29.20.

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.