Anglo American (OTCMKTS:NGLOY) Shares Gap Down – What’s Next?

Shares of Anglo American (OTCMKTS:NGLOY) gapped down prior to trading on Friday . The stock had previously closed at $22.59, but opened at $21.31. Anglo American shares last traded at $21.6150, with a volume of 365,497 shares.

Analysts Set New Price Targets

Several research analysts have recently issued reports on NGLOY shares. DZ Bank raised Anglo American from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 25th. Citigroup upgraded shares of Anglo American from a “neutral” rating to a “buy” rating in a report on Monday, February 2nd. Barclays reiterated an “overweight” rating on shares of Anglo American in a research note on Wednesday, February 25th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Anglo American in a research report on Monday, February 23rd. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $20.00.

Anglo American Stock Down 4.1%

The company has a debt-to-equity ratio of 0.59, a current ratio of 2.11 and a quick ratio of 1.65. The business’s fifty day moving average is $23.19 and its two-hundred day moving average is $19.89.

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.