Anglo American (OTCMKTS:NGLOY) Reaches New 1-Year High – What’s Next?

Anglo American (OTCMKTS:NGLOY)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as $23.20 and last traded at $22.93, with a volume of 155949 shares changing hands. The stock had previously closed at $21.97.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Citigroup reiterated a “neutral” rating on shares of Anglo American in a report on Friday, September 26th. Berenberg Bank set a $20.00 price objective on shares of Anglo American in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Anglo American presently has an average rating of “Moderate Buy” and an average target price of $20.00.

Anglo American Trading Up 3.3%

The company has a quick ratio of 1.65, a current ratio of 2.11 and a debt-to-equity ratio of 0.59. The stock’s fifty day moving average is $20.02 and its two-hundred day moving average is $17.91.

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.