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

Shares of Anglo American (OTCMKTS:NGLOY) have received an average recommendation of “Buy” from the six research firms that are presently covering the company, MarketBeat Ratings reports. Two 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 12-month price objective among analysts that have covered the stock in the last year is $20.00.

Several equities research analysts have recently weighed in on the company. Berenberg Bank set a $20.00 price objective on Anglo American in a research note on Wednesday, October 8th. Citigroup upgraded Anglo American from a “neutral” rating to a “buy” rating in a research report on Monday.

Anglo American Stock Down 4.3%

NGLOY stock opened at $24.25 on Monday. Anglo American has a 12 month low of $12.70 and a 12 month high of $25.72. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.11 and a quick ratio of 1.65. The firm has a 50 day simple moving average of $21.08 and a 200 day simple moving average of $18.50.

Anglo American Company Profile

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.