Anglo American (OTCMKTS:NGLOY) Receives $20.00 Average Price Target from Brokerages

by · The Cerbat Gem

Shares of Anglo American (OTCMKTS:NGLOY – Get Free Report) have been given a consensus rating of “Moderate Buy” by the seven analysts that are presently covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $20.00.

NGLOY has been the subject of several analyst reports. DZ Bank downgraded shares of Anglo American from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 11th. Berenberg Bank set a $20.00 price objective on Anglo American in a research report on Wednesday, October 8th. Finally, Citigroup reissued a “neutral” rating on shares of Anglo American in a report on Friday, September 26th.

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Anglo American Stock Performance

Shares of OTCMKTS NGLOY opened at $21.42 on Friday. Anglo American has a 12-month low of $12.70 and a 12-month high of $21.47. 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 stock’s 50 day simple moving average is $19.19 and its 200 day simple moving average is $17.27.

About Anglo American

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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.

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