Anglo American (OTCMKTS:NGLOY) PT Lowered to GBX 3,150 at Barclays

Anglo American (OTCMKTS:NGLOYGet Rating) had its target price decreased by Barclays from GBX 3,175 ($38.36) to GBX 3,150 ($38.06) in a research note issued to investors on Friday morning, The Fly reports.

A number of other analysts have also issued reports on the company. Deutsche Bank Aktiengesellschaft lowered Anglo American from a buy rating to a hold rating in a report on Wednesday, June 29th. Clarkson Capital reiterated a neutral rating on shares of Anglo American in a research report on Monday, June 20th. Credit Suisse Group reiterated an outperform rating on shares of Anglo American in a research report on Wednesday, July 6th. Investec downgraded Anglo American from a buy rating to a hold rating in a research report on Thursday, July 7th. Finally, Jefferies Financial Group upgraded Anglo American from a hold rating to a buy rating in a research report on Tuesday, June 7th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of Hold and an average price target of $3,722.22.

Anglo American Stock Performance

NGLOY opened at $17.13 on Friday. The stock’s 50 day moving average price is $16.74 and its two-hundred day moving average price is $21.27. 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 has a 12-month low of $14.76 and a 12-month high of $27.80.

Anglo American Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, September 30th. Investors of record on Friday, August 19th will be given a dividend of $0.604 per share. This represents a dividend yield of 7.86%. The ex-dividend date is Thursday, August 18th. This is an increase from Anglo American’s previous dividend of $0.50.

About Anglo American

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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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Analyst Recommendations for Anglo American (OTCMKTS:NGLOY)

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