Anglo American (OTCMKTS:NGLOY) Receives Consensus Recommendation of “Buy” from Brokerages

Shares of Anglo American (OTCMKTS:NGLOY) have received an average rating of “Buy” from the six research firms that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $20.00.

NGLOY has been the subject of several recent analyst reports. Citigroup upgraded shares of Anglo American from a “neutral” rating to a “buy” rating in a research report on Monday. Berenberg Bank set a $20.00 price objective on shares of Anglo American in a research note on Wednesday, October 8th.

Anglo American Stock Down 5.7%

OTCMKTS:NGLOY opened at $23.25 on Monday. Anglo American has a twelve month low of $12.70 and a twelve month high of $25.60. The company has a quick ratio of 1.65, a current ratio of 2.11 and a debt-to-equity ratio of 0.59. The stock’s 50-day simple moving average is $20.72 and its 200 day simple moving average is $18.32.

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.