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

Anglo American (OTCMKTS:NGLOY) has been given an average rating of “Moderate Buy” by the eight analysts that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, four have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $20.00.

A number of research analysts recently weighed in on the stock. Citigroup upgraded shares of Anglo American from a “neutral” rating to a “buy” rating in a research note on Monday, February 2nd. Oddo Bhf upgraded Anglo American to an “outperform” rating in a research report on Wednesday, April 15th. Barclays reaffirmed an “overweight” rating on shares of Anglo American in a report on Wednesday, February 25th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Anglo American in a research report on Monday, February 23rd. Finally, JPMorgan Chase & Co. lowered Anglo American from a “neutral” rating to an “underweight” rating in a research note on Monday, March 9th.

Anglo American Trading Up 4.4%

OTCMKTS NGLOY opened at $24.92 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.98 and a quick ratio of 1.54. The company’s 50 day moving average is $22.93 and its 200-day moving average is $21.26. Anglo American has a 12-month low of $13.33 and a 12-month high of $26.04.

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.