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

Shares of Anglo American (OTCMKTS:NGLOY) have received a consensus rating of “Moderate Buy” from the ten ratings firms that are covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $28.00.

Several analysts have recently weighed in on NGLOY shares. Barclays restated an “overweight” rating on shares of Anglo American in a research report on Tuesday, July 7th. Zacks Research upgraded shares of Anglo American from a “strong sell” rating to a “hold” rating in a report on Monday, October 5th. Scotiabank initiated coverage on shares of Anglo American in a research report on Tuesday, September 8th. They issued an “outperform” rating on the stock. Finally, JPMorgan Chase & Co. upgraded shares of Anglo American from an “underweight” rating to a “neutral” rating in a research note on Wednesday.

Anglo American Stock Performance

Shares of OTCMKTS NGLOY traded down $0.41 during midday trading on Friday, hitting $26.62. 593,982 shares of the company’s stock were exchanged, compared to its average volume of 319,186. The firm’s fifty day simple moving average is $27.39 and its 200-day simple moving average is $25.90. Anglo American has a twelve month low of $17.49 and a twelve month high of $29.61. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.21 and a quick ratio of 1.78.

Anglo American Company Profile

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.