Anglo American (OTCMKTS:NGLOY) Hits New 1-Year High – Here’s Why

Anglo American (OTCMKTS:NGLOY) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $27.49 and last traded at $27.14, with a volume of 520997 shares. The stock had previously closed at $26.74.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on NGLOY shares. DZ Bank raised Anglo American from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 25th. Oddo Bhf raised shares of Anglo American to an “outperform” rating in a report on Wednesday, April 15th. JPMorgan Chase & Co. lowered shares of Anglo American from a “neutral” rating to an “underweight” rating in a report on Monday, March 9th. Barclays reiterated an “overweight” rating on shares of Anglo American in a report on Wednesday, February 25th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Anglo American in a report on Monday, February 23rd. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $20.00.

Anglo American Trading Up 2.5%

The company has a quick ratio of 1.54, a current ratio of 1.98 and a debt-to-equity ratio of 0.60. The firm’s fifty day simple moving average is $23.15 and its two-hundred day simple moving average is $21.84.

About Anglo American

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.