Anglo American (OTCMKTS:NGLOY) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Anglo American (OTCMKTS:NGLOY) have earned a consensus recommendation of “Moderate Buy” from the ten brokerages that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, four have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $28.00.

NGLOY has been the topic of a number of analyst reports. Freedom Capital cut Anglo American from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 16th. Barclays reiterated an “overweight” rating on shares of Anglo American in a report on Tuesday, July 7th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Anglo American in a report on Friday, May 15th. Berenberg Bank set a $28.00 price objective on shares of Anglo American and gave the stock a “hold” rating in a research note on Thursday, June 18th. Finally, Zacks Research upgraded shares of Anglo American from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 2nd.

Anglo American Price Performance

Shares of Anglo American stock opened at $24.74 on Monday. Anglo American has a 12-month low of $13.56 and a 12-month high of $29.00. The company has a quick ratio of 1.54, a current ratio of 1.98 and a debt-to-equity ratio of 0.60. The stock’s fifty day moving average is $25.44 and its 200-day moving average is $24.14.

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.