Anglo American (OTCMKTS:NGLOY) Sets New 12-Month High – Here’s What Happened

by · The Cerbat Gem

Anglo American (OTCMKTS:NGLOY – Get Free Report)’s stock price hit a new 52-week high on Tuesday . The company traded as high as $29.52 and last traded at $29.47, with a volume of 19602 shares traded. The stock had previously closed at $28.37.

Analyst Ratings Changes

A number of analysts have issued reports on NGLOY shares. Berenberg Bank set a $28.00 price target on shares of Anglo American and gave the company a “hold” rating in a report on Thursday, June 18th. Zacks Research lowered Anglo American from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 31st. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Anglo American in a research report on Friday, May 15th. Barclays reissued an “overweight” rating on shares of Anglo American in a research note on Tuesday, July 7th. Finally, Freedom Capital downgraded Anglo American from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 16th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $28.00.

Read Our Latest Analysis on NGLOY

Anglo American Stock Performance

The business’s fifty day moving average price is $25.99 and its two-hundred day moving average price is $24.97. The company has a quick ratio of 1.54, a current ratio of 1.98 and a debt-to-equity ratio of 0.60.

About Anglo American

(Get Free Report)

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.

Further Reading