Anglo American (OTCMKTS:NGLOY) Shares Gap Down – Should You Sell?

Anglo American (OTCMKTS:NGLOY)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $27.64, but opened at $25.94. Anglo American shares last traded at $25.94, with a volume of 41,925 shares traded.

Analysts Set New Price Targets

A number of research analysts recently weighed in on NGLOY shares. Barclays reissued an “overweight” rating on shares of Anglo American in a research note on Wednesday, February 25th. DZ Bank raised Anglo American from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 25th. Oddo Bhf raised Anglo American to an “outperform” rating in a research note on Wednesday, April 15th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Anglo American in a research note on Friday, May 15th. Finally, JPMorgan Chase & Co. downgraded shares of Anglo American from a “neutral” rating to an “underweight” rating in a report on Monday, March 9th. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $20.00.

Anglo American Stock Performance

The company has a debt-to-equity ratio of 0.60, a current ratio of 1.98 and a quick ratio of 1.54. The business has a 50 day moving average price of $25.13 and a 200 day moving average price of $22.89.

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.