Anglo American (OTCMKTS:NGLOY) Price Target Raised to GBX 4,400 at Royal Bank of Canada

Anglo American (OTCMKTS:NGLOY – Get Rating) had its target price upped by research analysts at Royal Bank of Canada from GBX 4,200 ($54.64) to GBX 4,400 ($57.25) in a note issued to investors on Wednesday, The Fly reports.

Several other equities analysts also recently commented on NGLOY. JPMorgan Chase & Co. upped their price objective on Anglo American from GBX 2,900 ($37.73) to GBX 3,050 ($39.68) in a research report on Monday, February 28th. Zacks Investment Research raised shares of Anglo American from a “hold” rating to a “strong-buy” rating and set a $26.00 price target on the stock in a research note on Tuesday, February 8th. Liberum Capital raised shares of Anglo American from a “hold” rating to a “buy” rating in a research report on Tuesday, March 29th. Berenberg Bank increased their price objective on Anglo American from GBX 3,500 ($45.54) to GBX 3,600 ($46.84) in a report on Thursday, February 24th. Finally, UBS Group lifted their price objective on shares of Anglo American from GBX 2,800 ($36.43) to GBX 3,200 ($41.63) in a research note on Monday, March 28th. One analyst has rated the stock with a sell rating, three have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Anglo American has a consensus rating of “Buy” and an average target price of $3,222.00.

OTCMKTS NGLOY traded down $0.50 during trading on Wednesday, hitting $27.20. The stock had a trading volume of 249,613 shares, compared to its average volume of 261,491. Anglo American has a one year low of $16.75 and a one year high of $27.80. The stock has a 50 day simple moving average of $25.65 and a 200 day simple moving average of $22.13. The company has a quick ratio of 1.29, a current ratio of 1.79 and a debt-to-equity ratio of 0.33.

Anglo American Company Profile (Get Rating)

Anglo American plc operates as a mining company worldwide. The company explores for rough and polished diamonds, copper, platinum group metals, metallurgical and thermal coal, and iron ore; and nickel, polyhalite, and manganese ores, as well as alloys. Anglo American plc was founded in 1917 and is headquartered in London, the United Kingdom.

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