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

Shares of Anglo American (OTCMKTS:NGLOY) have been assigned an average recommendation of “Moderate Buy” from the nine analysts that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $28.00.

A number of research firms have recently issued reports on NGLOY. Oddo Bhf upgraded shares of Anglo American to an “outperform” rating in a research note on Wednesday, April 15th. Freedom Capital lowered shares of Anglo American from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 16th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Anglo American in a 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. Finally, Berenberg Bank set a $28.00 price objective on Anglo American and gave the stock a “hold” rating in a report on Thursday, June 18th.

Anglo American Price Performance

Shares of OTCMKTS NGLOY opened at $24.58 on Thursday. The company has a current ratio of 1.98, a quick ratio of 1.54 and a debt-to-equity ratio of 0.60. Anglo American has a 12 month low of $13.56 and a 12 month high of $29.00. The stock has a 50 day moving average of $25.92 and a 200-day moving average of $23.64.

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.