Anglo American (OTCMKTS:NGLOY) Given Average Recommendation of “Moderate Buy” by Analysts

Anglo American (OTCMKTS:NGLOY) has received an average rating of “Moderate Buy” from the eight research firms that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, four have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $20.00.

Several equities research analysts have recently commented on the company. Barclays restated an “overweight” rating on shares of Anglo American in a research note on Wednesday, February 25th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Anglo American in a research note on Friday, May 15th. DZ Bank upgraded Anglo American from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 25th. Oddo Bhf upgraded Anglo American to an “outperform” rating in a research note on Wednesday, April 15th. 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 Stock Down 7.4%

Shares of NGLOY opened at $25.60 on Friday. The company has a current ratio of 1.98, a quick ratio of 1.54 and a debt-to-equity ratio of 0.60. The firm has a fifty day simple moving average of $24.92 and a two-hundred day simple moving average of $22.75. Anglo American has a 1-year low of $13.33 and a 1-year high of $29.00.

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.