Anglo American (OTCMKTS:NGLOY) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Anglo American (OTCMKTS:NGLOY) has been given a consensus rating of “Moderate Buy” by the eight ratings firms that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $20.00.

NGLOY has been the subject of several research reports. JPMorgan Chase & Co. lowered Anglo American from a “neutral” rating to an “underweight” rating in a report on Monday, March 9th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Anglo American in a research note on Monday, February 23rd. DZ Bank raised Anglo American from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 25th. Citigroup upgraded Anglo American from a “neutral” rating to a “buy” rating in a research note on Monday, February 2nd. Finally, Oddo Bhf upgraded Anglo American to an “outperform” rating in a research note on Wednesday, April 15th.

Anglo American Trading Up 0.1%

Shares of NGLOY stock opened at $27.18 on Wednesday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.54 and a current ratio of 1.98. The company has a 50 day moving average of $23.08 and a 200-day moving average of $21.77. Anglo American has a 12-month low of $13.33 and a 12-month high of $27.49.

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.