Anglo American (OTCMKTS:NGLOY) Given Consensus Rating of “Moderate Buy” by Brokerages

Anglo American (OTCMKTS:NGLOY) has been assigned an average rating of “Moderate Buy” from the seven brokerages that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, three have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $20.00.

A number of brokerages have recently commented on NGLOY. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Anglo American in a research note on Monday, February 23rd. Barclays reissued an “overweight” rating on shares of Anglo American in a report on Wednesday, February 25th. JPMorgan Chase & Co. lowered shares of Anglo American from a “neutral” rating to an “underweight” rating in a research report on Monday, March 9th. Citigroup raised shares of Anglo American from a “neutral” rating to a “buy” rating in a report on Monday, February 2nd. Finally, DZ Bank upgraded shares of Anglo American from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 25th.

Anglo American Stock Up 7.0%

Shares of OTCMKTS:NGLOY opened at $20.51 on Tuesday. 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 has a 12-month low of $12.70 and a 12-month high of $26.04. The business has a 50 day moving average of $23.20 and a two-hundred day moving average of $20.48.

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.