Anglo American (OTCMKTS:NGLOY) Sets New 52-Week High Following Analyst Upgrade

Anglo American (OTCMKTS:NGLOY)’s stock price reached a new 52-week high during mid-day trading on Wednesday after DZ Bank upgraded the stock from a hold rating to a strong-buy rating. The company traded as high as $26.00 and last traded at $25.83, with a volume of 60565 shares changing hands. The stock had previously closed at $24.87.

A number of other research firms also recently issued reports on NGLOY. Citigroup upgraded Anglo American from a “neutral” rating to a “buy” rating in a report on Monday, February 2nd. Barclays reaffirmed an “overweight” rating on shares of Anglo American in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Anglo American in a report on Monday. Three research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Anglo American presently has an average rating of “Buy” and a consensus price target of $20.00.

Anglo American Stock Performance

The company has a current ratio of 2.11, a quick ratio of 1.65 and a debt-to-equity ratio of 0.59. The company’s 50-day simple moving average is $22.80 and its 200-day simple moving average is $19.57.

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.