Anglo American (OTCMKTS:NGLOY) Receives $28.00 Average Price Target from Analysts

Anglo American (OTCMKTS:NGLOY) has been given a consensus rating of “Moderate Buy” by the ten research firms that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation, four have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $28.00.

A number of brokerages have issued reports on NGLOY. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Anglo American in a research note on Friday, May 15th. Barclays reissued an “overweight” rating on shares of Anglo American in a research note on Tuesday. Zacks Research raised shares of Anglo American from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 2nd. Freedom Capital lowered shares of Anglo American from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 16th. Finally, Berenberg Bank set a $28.00 price target on shares of Anglo American and gave the company a “hold” rating in a research report on Thursday, June 18th.

Anglo American Stock Performance

NGLOY opened at $23.29 on Thursday. The stock’s 50-day moving average price is $25.89 and its 200 day moving average price is $23.83. Anglo American has a 12-month low of $13.56 and a 12-month high of $29.00. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.98 and a quick ratio of 1.54.

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.