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

Anglo American (OTCMKTS:NGLOY) has earned a consensus rating of “Buy” from the six research firms that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $20.00.

NGLOY has been the subject of several recent research reports. DZ Bank raised shares of Anglo American from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 25th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Anglo American in a research note on Monday, February 23rd. Barclays reissued an “overweight” rating on shares of Anglo American in a research note on Wednesday. Finally, Citigroup upgraded Anglo American from a “neutral” rating to a “buy” rating in a report on Monday, February 2nd.

Anglo American Stock Down 1.0%

Shares of NGLOY opened at $25.00 on Friday. Anglo American has a fifty-two week low of $12.70 and a fifty-two week high of $26.04. The firm has a 50 day moving average price of $22.91 and a 200-day moving average price of $19.72. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.65 and a current ratio of 2.11.

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.