Anglo American (OTCMKTS:NGLOY) Receives $20.00 Consensus Price Target from Analysts

Shares of Anglo American (OTCMKTS:NGLOY) have been assigned a consensus recommendation of “Moderate Buy” from the seven analysts that are presently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold rating, one has assigned a buy rating and two have given 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 $20.00.

Several research analysts have commented on NGLOY shares. DZ Bank downgraded shares of Anglo American from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 11th. Citigroup reissued a “neutral” rating on shares of Anglo American in a report on Friday, September 26th. Finally, Berenberg Bank set a $20.00 price objective on Anglo American in a research note on Wednesday, October 8th.

Anglo American Stock Down 3.3%

Shares of OTCMKTS:NGLOY opened at $21.13 on Friday. The firm has a 50 day moving average of $19.28 and a 200-day moving average of $17.35. Anglo American has a 12 month low of $12.70 and a 12 month high of $22.00. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.65 and a current ratio of 2.11.

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.