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

Anglo American (OTCMKTS:NGLOY) has been given an average rating of “Buy” by the six brokerages that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $20.00.

Separately, Citigroup upgraded shares of Anglo American from a “neutral” rating to a “buy” rating in a research note on Monday.

Anglo American Stock Up 2.5%

Shares of OTCMKTS NGLOY opened at $23.78 on Monday. Anglo American has a one year low of $12.70 and a one year high of $25.72. The business has a fifty day simple moving average of $21.26 and a 200 day simple moving average of $18.59. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.65 and a current ratio of 2.11.

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.