Anglo American (OTCMKTS:NGLOY) Raised to “Strong-Buy” at DZ Bank

Anglo American (OTCMKTS:NGLOY) was upgraded by stock analysts at DZ Bank from a “hold” rating to a “strong-buy” rating in a report issued on Wednesday,Zacks.com reports.

A number of other brokerages also recently issued reports on NGLOY. Citigroup upgraded shares of Anglo American from a “neutral” rating to a “buy” rating in a research note on Monday, February 2nd. Barclays reissued an “overweight” rating on shares of Anglo American in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Anglo American in a research note on Monday. Three analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Anglo American currently has a consensus rating of “Buy” and an average price target of $20.00.

Anglo American Price Performance

OTCMKTS:NGLOY opened at $25.24 on Wednesday. Anglo American has a fifty-two week low of $12.70 and a fifty-two week high of $26.04. The company has a current ratio of 2.11, a quick ratio of 1.65 and a debt-to-equity ratio of 0.59. The stock has a fifty day moving average price of $22.80 and a 200-day moving average price of $19.57.

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.