Anglo American (OTCMKTS:NGLOY) Hits New 12-Month High – Still a Buy?

Anglo American (OTCMKTS:NGLOY)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $23.20 and last traded at $22.93, with a volume of 155949 shares changing hands. The stock had previously closed at $21.97.

Wall Street Analysts Forecast Growth

NGLOY has been the subject of a number of recent research reports. Berenberg Bank set a $20.00 target price on Anglo American in a research note on Wednesday, October 8th. Citigroup reissued a “neutral” rating on shares of Anglo American in a research note on Friday, September 26th. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $20.00.

Anglo American Stock Up 4.3%

The company’s 50-day moving average price is $19.86 and its 200 day moving average price is $17.84. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.65 and a current ratio of 2.11.

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.