Anglo American (OTCMKTS:NGLOY) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Anglo American (OTCMKTS:NGLOY) has been assigned a consensus rating of “Moderate Buy” from the eight brokerages that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $20.00.

A number of analysts recently weighed in on NGLOY shares. Oddo Bhf upgraded Anglo American to an “outperform” rating in a research report on Wednesday, April 15th. JPMorgan Chase & Co. lowered Anglo American from a “neutral” rating to an “underweight” rating in a research note on Monday, March 9th. DZ Bank raised Anglo American from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 25th. Barclays reaffirmed an “overweight” rating on shares of Anglo American in a research note on Wednesday, February 25th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Anglo American in a research note on Friday, May 15th.

Anglo American Stock Up 2.1%

Shares of OTCMKTS NGLOY opened at $26.84 on Friday. The stock’s 50-day simple moving average is $25.41 and its two-hundred day simple moving average is $23.02. Anglo American has a twelve month low of $13.33 and a twelve month high of $29.00. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.54 and a current ratio of 1.98.

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.