Anglo American (OTCMKTS:NGLOY) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Anglo American (OTCMKTS:NGLOY) have received a consensus recommendation of “Moderate Buy” from the eight analysts that are currently covering the company, Marketbeat.com 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 issued a strong buy rating on 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.

NGLOY has been the topic of several research reports. Oddo Bhf raised Anglo American to an “outperform” rating in a research report on Wednesday, April 15th. Barclays reaffirmed an “overweight” rating on shares of Anglo American in a research report on Wednesday, February 25th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Anglo American in a research report on Friday, May 15th. DZ Bank raised Anglo American from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 25th. Finally, JPMorgan Chase & Co. cut Anglo American from a “neutral” rating to an “underweight” rating in a research report on Monday, March 9th.

Anglo American Stock Performance

Shares of OTCMKTS:NGLOY opened at $25.60 on Friday. Anglo American has a 1 year low of $13.33 and a 1 year high of $29.00. 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 stock’s 50-day moving average is $24.92 and its 200 day moving average is $22.75.

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.