Anglo American (OTCMKTS:NGLOY) Stock Has Average Price Target of $28.00 According to Brokerages

Anglo American (OTCMKTS:NGLOY) has been given a consensus recommendation of “Moderate Buy” by the eleven research firms that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $28.00.

A number of analysts have recently weighed in on the company. Freedom Broker lowered Anglo American from a “hold” rating to a “strong sell” rating in a research note on Friday, October 23rd. Barclays reissued an “overweight” rating on shares of Anglo American in a research report on Tuesday, July 7th. Scotiabank assumed coverage on Anglo American in a report on Tuesday, September 8th. They set an “outperform” rating on the stock. Zacks Research upgraded Anglo American from a “strong sell” rating to a “hold” rating in a research report on Monday, October 5th. Finally, JPMorgan Chase & Co. raised Anglo American from an “underweight” rating to a “neutral” rating in a research note on Wednesday, October 14th.

Anglo American Trading Down 1.5%

Shares of NGLOY opened at $25.10 on Wednesday. The company has a 50-day moving average price of $26.93 and a two-hundred day moving average price of $25.16. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.78 and a current ratio of 2.21. Anglo American has a 12 month low of $17.49 and a 12 month high of $29.61.

Anglo American Company Profile

Anglo American plc is a global mining company headquartered in London, United Kingdom. Founded in 1917, the company explores for, develops and produces a range of natural resources used in construction, manufacturing, energy and consumer products.

Its principal commodities have included copper, iron ore, platinum-group metals, nickel, metallurgical coal and diamonds. Anglo American has operated mines and processing facilities across Africa, Australia, South America and other international markets.