Anglo American (OTCMKTS:NGLOY) Sets New 52-Week High – Here’s Why

Anglo American (OTCMKTS:NGLOY)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $24.00 and last traded at $23.70, with a volume of 791407 shares changing hands. The stock had previously closed at $23.12.

Wall Street Analyst Weigh In

Separately, Berenberg Bank set a $20.00 price target on Anglo American in a research report on Wednesday, October 8th. Two equities research 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, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $20.00.

Anglo American Price Performance

The company has a debt-to-equity ratio of 0.59, a current ratio of 2.11 and a quick ratio of 1.65. The stock’s 50 day moving average is $20.22 and its two-hundred day moving average is $18.07.

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.