Anglo American (OTCMKTS:NGLOY) Receives Average Recommendation of “Buy” from Brokerages

Anglo American (OTCMKTS:NGLOY) has been assigned a consensus recommendation of “Buy” from the seven brokerages that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating, three have given a buy rating and three have given a strong buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $20.00.

NGLOY has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Anglo American in a research note on Monday. DZ Bank upgraded Anglo American from a “hold” rating to a “strong-buy” rating in a research report on Wednesday. Barclays reiterated an “overweight” rating on shares of Anglo American in a research report on Wednesday. Finally, Citigroup raised Anglo American from a “neutral” rating to a “buy” rating in a research note on Monday, February 2nd.

Anglo American Price Performance

NGLOY opened at $25.24 on Friday. The company has a 50 day simple moving average of $22.80 and a two-hundred day simple moving average of $19.57. The company has a current ratio of 2.11, a quick ratio of 1.65 and a debt-to-equity ratio of 0.59. Anglo American has a 1-year low of $12.70 and a 1-year high of $26.04.

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.