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 seven analysts that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, three have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $20.00.

Several research firms have issued reports on NGLOY. DZ Bank raised Anglo American from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 25th. Barclays reaffirmed an “overweight” rating on shares of Anglo American in a research report on Wednesday, February 25th. Citigroup upgraded Anglo American from a “neutral” rating to a “buy” rating in a research note on Monday, February 2nd. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Anglo American in a research note on Monday, February 23rd. Finally, JPMorgan Chase & Co. downgraded shares of Anglo American from a “neutral” rating to an “underweight” rating in a report on Monday, March 9th.

Anglo American Price Performance

OTCMKTS NGLOY opened at $20.40 on Tuesday. Anglo American has a 12-month low of $12.70 and a 12-month high of $26.04. The company has a 50-day simple moving average of $23.09 and a two-hundred day simple moving average of $20.58. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.54 and a current ratio of 1.98.

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.