Anglo American (NGLOY) to Release Quarterly Earnings on Thursday

Anglo American (OTCMKTS:NGLOY) is projected to release its resultson Thursday, July 30th. Analysts expect the company to announce earnings of $0.3460 per share and revenue of $10.6146 billion for the quarter.

Anglo American Trading Down 1.2%

Shares of OTCMKTS NGLOY opened at $24.45 on Tuesday. The business’s 50 day moving average price is $25.42 and its 200 day moving average price is $24.16. Anglo American has a 52 week low of $13.56 and a 52 week high of $29.00. The company has a current ratio of 1.98, a quick ratio of 1.54 and a debt-to-equity ratio of 0.60.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on NGLOY. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Anglo American in a report on Friday, May 15th. Berenberg Bank set a $28.00 price target on shares of Anglo American and gave the stock a “hold” rating in a research note on Thursday, June 18th. Freedom Capital downgraded Anglo American from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 16th. Barclays reaffirmed an “overweight” rating on shares of Anglo American in a report on Tuesday, July 7th. Finally, Oddo Bhf upgraded shares of Anglo American to an “outperform” rating in a research report on Wednesday, April 15th. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $28.00.

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.