Anglo American (OTCMKTS:NGLOY) Shares Gap Down – Should You Sell?

Anglo American (OTCMKTS:NGLOY) shares gapped down prior to trading on Wednesday . The stock had previously closed at $25.45, but opened at $23.44. Anglo American shares last traded at $23.52, with a volume of 46,276 shares trading hands.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on NGLOY shares. Zacks Research raised Anglo American from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 2nd. Barclays reaffirmed an “overweight” rating on shares of Anglo American in a report on Tuesday. Berenberg Bank set a $28.00 price objective on shares of Anglo American and gave the stock a “hold” rating in a research report on Thursday, June 18th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Anglo American in a report on Friday, May 15th. Finally, Oddo Bhf raised shares of Anglo American to an “outperform” rating in a research report on Wednesday, April 15th. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $28.00.

Anglo American Stock Performance

The business’s 50-day moving average is $25.89 and its 200 day moving average is $23.86. 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.