Anglo American (OTCMKTS:NGLOY) Hits New 1-Year High – What’s Next?

Shares of Anglo American (OTCMKTS:NGLOY) hit a new 52-week high during trading on Wednesday . The company traded as high as $26.00 and last traded at $25.83, with a volume of 60565 shares trading hands. The stock had previously closed at $24.87.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on NGLOY shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Anglo American in a report on Monday. Citigroup raised shares of Anglo American from a “neutral” rating to a “buy” rating in a research report on Monday, February 2nd. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $20.00.

Anglo American Stock Performance

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 company has a 50 day simple moving average of $22.55 and a 200-day simple moving average of $19.49.

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.