Anglo American (OTCMKTS:NGLOY) Reaches New 52-Week High – Still a Buy?

Anglo American (OTCMKTS:NGLOY)’s stock price reached a new 52-week high during mid-day trading on Friday . The company traded as high as $20.51 and last traded at $20.4550, with a volume of 120949 shares changing hands. The stock had previously closed at $20.19.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Berenberg Bank set a $20.00 price target on Anglo American in a report on Wednesday, October 8th. DZ Bank cut Anglo American from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 11th. Finally, Citigroup restated a “neutral” rating on shares of Anglo American in a research note on Friday, September 26th. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $20.00.

Anglo American Stock Performance

The company has a current ratio of 2.11, a quick ratio of 1.65 and a debt-to-equity ratio of 0.59. The firm has a fifty day simple moving average of $18.98 and a 200-day simple moving average of $16.94.

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.