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

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

Several research firms have commented on NGLOY. Barclays reiterated an “overweight” rating on shares of Anglo American in a research note on Wednesday, February 25th. Oddo Bhf raised Anglo American to an “outperform” rating in a report on Wednesday, April 15th. DZ Bank raised Anglo American from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 25th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Anglo American in a report on Monday, February 23rd. Finally, Citigroup upgraded Anglo American from a “neutral” rating to a “buy” rating in a research note on Monday, February 2nd.

Anglo American Stock Up 0.1%

NGLOY opened at $27.18 on Wednesday. Anglo American has a fifty-two week low of $13.33 and a fifty-two week high of $27.49. The company’s 50-day moving average is $23.08 and its 200 day moving average is $21.77. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.98 and a quick ratio of 1.54.

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.