Analysts Set Anglo American (OTCMKTS:NGLOY) Price Target at $20.00

Anglo American (OTCMKTS:NGLOY) has earned an average recommendation of “Moderate Buy” from the eight analysts that are covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $20.00.

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

Anglo American Stock Performance

OTCMKTS NGLOY opened at $18.66 on Friday. The business’s 50 day moving average price is $18.56 and its 200-day moving average price is $16.00. Anglo American has a fifty-two week low of $12.70 and a fifty-two week high of $20.46. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.11 and a quick ratio of 1.65.

Anglo American Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, October 7th. Investors of record on Monday, August 25th were issued a dividend of $0.028 per share. The ex-dividend date was Friday, August 22nd.

Anglo American Company Profile

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.