Anglo American (OTCMKTS:NGLOY) Sets New 1-Year High – Time to Buy?

Anglo American (OTCMKTS:NGLOY)’s stock price reached a new 52-week high on Wednesday . The company traded as high as $22.00 and last traded at $21.85, with a volume of 311889 shares changing hands. The stock had previously closed at $21.42.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. DZ Bank cut Anglo American from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 11th. Citigroup reaffirmed a “neutral” rating on shares of Anglo American in a report on Friday, September 26th. Finally, Berenberg Bank set a $20.00 price target on Anglo American in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Anglo American has an average rating of “Moderate Buy” and an average target price of $20.00.

Anglo American Trading Up 2.0%

The business’s 50-day simple moving average is $19.24 and its two-hundred day simple moving average is $17.33. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.11 and a quick ratio of 1.65.

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.