Anglo American (NGLOY) – What Are Analysts Thinking About This Stock?

Anglo American (OTCMKTS:NGLOY) has been assigned a consensus recommendation of “Moderate Buy” from the ten ratings firms that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is $28.00.

Several equities research analysts have issued reports on NGLOY shares. Barclays reissued an “overweight” rating on shares of Anglo American in a research report on Tuesday, July 7th. Freedom Capital lowered shares of Anglo American from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 16th. Berenberg Bank set a $28.00 price target on shares of Anglo American and gave the company a “hold” rating in a research note on Thursday, June 18th. Zacks Research upgraded Anglo American from a “strong sell” rating to a “hold” rating in a report on Monday, October 5th. Finally, Scotiabank initiated coverage on Anglo American in a research note on Tuesday, September 8th. They issued an “outperform” rating on the stock.

Anglo American Stock Performance

OTCMKTS NGLOY opened at $27.78 on Friday. Anglo American has a 12 month low of $17.49 and a 12 month high of $29.61. The company’s 50-day moving average price is $27.34 and its 200-day moving average price is $25.67.

About Anglo American

Anglo American plc is a global mining company headquartered in London, United Kingdom. The company explores for, develops and produces a range of metals and minerals used in construction, manufacturing, transportation, energy and consumer products. Its principal commodities include copper, premium iron ore, platinum-group metals and diamonds.

Anglo American’s copper business has operations in South America, while its iron ore activities include production in South Africa and Brazil. The company’s platinum-group-metals operations are concentrated in southern Africa, and its diamond business operates through De Beers, which mines, sorts, sells and markets rough and polished diamonds.