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

Shares of Anglo American (OTCMKTS:NGLOY) have earned an average recommendation of “Moderate Buy” from the ten research firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $28.00.

NGLOY has been the subject of several recent analyst reports. Barclays reaffirmed an “overweight” rating on shares of Anglo American in a report on Tuesday, July 7th. Freedom Capital downgraded Anglo American from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 16th. Berenberg Bank set a $28.00 price objective on shares of Anglo American and gave the stock a “hold” rating in a research note on Thursday, June 18th. Scotiabank assumed coverage on shares of Anglo American in a research report on Tuesday, September 8th. They set an “outperform” rating on the stock. Finally, Zacks Research cut shares of Anglo American from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 31st.

Anglo American Stock Performance

OTCMKTS:NGLOY opened at $26.68 on Tuesday. Anglo American has a 12 month low of $17.16 and a 12 month high of $29.61. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.98 and a quick ratio of 1.54. The company’s 50 day moving average is $26.46 and its 200-day moving average is $25.11.

About Anglo American

Anglo American plc is a global mining company headquartered in London, England. Its portfolio is centered on copper, premium iron ore and crop nutrients, with operations and development projects spanning Africa, Australia, South America and the United Kingdom. The company produces raw materials used in infrastructure, manufacturing, transportation, agriculture and the energy transition.

Anglo American’s copper business includes mines in Chile and Peru, while its iron ore operations include Kumba Iron Ore in South Africa and Minas-Rio in Brazil.