Anglo American (OTCMKTS:NGLOY) Sees Strong Trading Volume – Should You Buy?

Shares of Anglo American (OTCMKTS:NGLOY) saw strong trading volume on Thursday . 592,217 shares were traded during trading, an increase of 93% from the previous session’s volume of 307,338 shares.The stock last traded at $19.42 and had previously closed at $19.37.

Analyst Upgrades and Downgrades

NGLOY has been the subject of several research reports. Berenberg Bank set a $20.00 price objective on shares of Anglo American in a research report on Wednesday, October 8th. Citigroup reiterated a “neutral” rating on shares of Anglo American in a research note on Friday, September 26th. Finally, DZ Bank lowered Anglo American from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 11th. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Anglo American currently has an average rating of “Moderate Buy” and a consensus target price of $20.00.

Anglo American Stock Up 1.1%

The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.65 and a current ratio of 2.11. The stock has a 50 day simple moving average of $18.98 and a two-hundred day simple moving average of $16.58.

Anglo American Company Profile

Anglo American plc operates as a mining company in the United Kingdom and internationally. It explores for rough and polished diamonds, copper, platinum group metals and nickel, steelmaking coal, and iron ore; and nickel, polyhalite, and manganese ores. Anglo American plc was founded in 1917 and is headquartered in London, the United Kingdom.