Anglo American (OTCMKTS:NGLOY) Sets New 12-Month High – Time to Buy?

Anglo American (OTCMKTS:NGLOY)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $24.00 and last traded at $23.70, with a volume of 791407 shares trading hands. The stock had previously closed at $23.12.

Analysts Set New Price Targets

Separately, Berenberg Bank set a $20.00 target price on Anglo American in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Anglo American presently has an average rating of “Moderate Buy” and a consensus price target of $20.00.

Anglo American Stock Up 0.9%

The company’s 50 day simple moving average is $20.47 and its 200-day simple moving average is $18.17. 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.