Anglo American (OTCMKTS:NGLOY) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

Shares of Anglo American (OTCMKTS:NGLOY) passed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $25.07 and traded as high as $25.6450. Anglo American shares last traded at $25.63, with a volume of 318,461 shares traded.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on NGLOY. Freedom Broker downgraded Anglo American from a “hold” rating to a “strong sell” rating in a report on Friday, October 23rd. Zacks Research upgraded shares of Anglo American from a “strong sell” rating to a “hold” rating in a research note on Monday, October 5th. Scotiabank assumed coverage on shares of Anglo American in a report on Tuesday, September 8th. They issued an “outperform” rating on the stock. Barclays reaffirmed an “overweight” rating on shares of Anglo American in a research report on Tuesday, July 7th. Finally, JPMorgan Chase & Co. upgraded Anglo American from an “underweight” rating to a “neutral” rating in a report on Wednesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $28.00.

Anglo American Stock Performance

The company has a debt-to-equity ratio of 0.68, a current ratio of 2.21 and a quick ratio of 1.78. The company’s fifty day moving average is $27.10 and its two-hundred day moving average is $25.11.

About Anglo American

Anglo American plc is a global mining company headquartered in London, United Kingdom. Founded in 1917, the company explores for, develops and produces a range of natural resources used in construction, manufacturing, energy and consumer products.

Its principal commodities have included copper, iron ore, platinum-group metals, nickel, metallurgical coal and diamonds. Anglo American has operated mines and processing facilities across Africa, Australia, South America and other international markets.