Anglo American (OTCMKTS:NGLOY) Reaches New 12-Month High – Still a Buy?

Anglo American (OTCMKTS:NGLOY)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $26.24 and last traded at $26.17, with a volume of 127477 shares. The stock had previously closed at $24.43.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on NGLOY shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Anglo American in a research note on Monday, February 23rd. DZ Bank raised shares of Anglo American from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 25th. JPMorgan Chase & Co. lowered shares of Anglo American from a “neutral” rating to an “underweight” rating in a research report on Monday, March 9th. Oddo Bhf raised shares of Anglo American to an “outperform” rating in a report on Wednesday, April 15th. Finally, Citigroup upgraded shares of Anglo American from a “neutral” rating to a “buy” rating in a research report on Monday, February 2nd. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $20.00.

Anglo American Price Performance

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 business has a 50-day moving average price of $22.95 and a two-hundred day moving average price of $21.52.

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.