Anglo American (OTCMKTS:NGLOY) Stock Has Average Price Target of $28.00 According to Analysts

Shares of Anglo American (OTCMKTS:NGLOY) have earned a consensus rating of “Moderate Buy” from the eleven ratings firms that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $28.00.

A number of research analysts have recently weighed in on NGLOY shares. JPMorgan Chase & Co. raised Anglo American from an “underweight” rating to a “neutral” rating in a research note on Wednesday, October 14th. Zacks Research raised shares of Anglo American from a “strong sell” rating to a “hold” rating in a research report on Monday, October 5th. Freedom Broker lowered shares of Anglo American from a “hold” rating to a “strong sell” rating in a report on Friday, October 23rd. Finally, Scotiabank assumed coverage on shares of Anglo American in a report on Tuesday, September 8th. They issued an “outperform” rating for the company.

Anglo American Stock Performance

NGLOY stock opened at $25.69 on Wednesday. Anglo American has a twelve month low of $17.49 and a twelve month high of $29.61. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.78 and a current ratio of 2.21. The business has a fifty day moving average of $26.61 and a 200-day moving average of $25.24.

About Anglo American

Anglo American is a global mining company founded in South Africa in 1917 and headquartered in London. It develops and operates mines and related processing businesses, with a portfolio that has included copper, iron ore, platinum-group metals and diamonds. The company’s operations and projects have spanned Africa, Australia, South America and North America. Its products serve industries including construction, transportation, manufacturing and consumer goods. Anglo American has grown from its South African origins into an international mining group, combining resource development with processing and marketing activities.