Anglo American (OTCMKTS:NGLOY) Sets New 1-Year High – Should You Buy?

Shares of Anglo American (OTCMKTS:NGLOY) reached a new 52-week high on Wednesday . The company traded as high as $22.00 and last traded at $21.85, with a volume of 311889 shares changing hands. The stock had previously closed at $21.42.

Analyst Ratings Changes

A number of research firms recently issued reports on NGLOY. Citigroup reaffirmed a “neutral” rating on shares of Anglo American in a research note on Friday, September 26th. DZ Bank downgraded shares of Anglo American from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 11th. Finally, Berenberg Bank set a $20.00 target price on shares of Anglo American in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Anglo American currently has an average rating of “Moderate Buy” and an average target price of $20.00.

Anglo American Trading Up 1.3%

The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.65 and a current ratio of 2.11. The stock’s 50-day simple moving average is $19.32 and its two-hundred day simple moving average is $17.38.

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.