Brokerages Set Anglo American (OTCMKTS:NGLOY) PT at $20.00

Anglo American (OTCMKTS:NGLOY) has earned an average rating of “Moderate Buy” from the eight ratings firms that are presently covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $20.00.

A number of equities analysts have weighed in on the stock. Citigroup reiterated a “neutral” rating on shares of Anglo American in a research report on Friday, September 26th. DZ Bank lowered shares of Anglo American from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 11th. Berenberg Bank set a $20.00 price objective on shares of Anglo American in a research report on Wednesday, October 8th. Finally, Royal Bank Of Canada restated a “sector perform” rating on shares of Anglo American in a research report on Monday, August 4th.

Anglo American Trading Down 0.6%

Shares of OTCMKTS:NGLOY opened at $18.85 on Monday. The company has a current ratio of 2.11, a quick ratio of 1.65 and a debt-to-equity ratio of 0.59. Anglo American has a twelve month low of $12.70 and a twelve month high of $20.46. The company has a 50-day moving average price of $17.24 and a two-hundred day moving average price of $15.28.

Anglo American Cuts Dividend

The business also recently announced a dividend, which was paid on Tuesday, October 7th. Shareholders of record on Monday, August 25th were given a dividend of $0.028 per share. The ex-dividend date was Friday, August 22nd.

About Anglo American

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