Anglo American (OTCMKTS:NGLOY) Shares Gap Down – Here’s What Happened

Shares of Anglo American (OTCMKTS:NGLOY) gapped down before the market opened on Monday . The stock had previously closed at $27.64, but opened at $25.94. Anglo American shares last traded at $25.94, with a volume of 41,925 shares trading hands.

Analysts Set New Price Targets

Several brokerages recently commented on NGLOY. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Anglo American in a research report on Friday, May 15th. JPMorgan Chase & Co. downgraded shares of Anglo American from a “neutral” rating to an “underweight” rating in a research report on Monday, March 9th. Barclays restated an “overweight” rating on shares of Anglo American in a research report on Wednesday, February 25th. Oddo Bhf upgraded shares of Anglo American to an “outperform” rating in a research report on Wednesday, April 15th. Finally, DZ Bank upgraded shares of Anglo American from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 25th. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average 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 company’s 50-day moving average is $24.92 and its 200 day moving average is $22.78.

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.