Anglo American (OTCMKTS:NGLOY) Sets New 52-Week High – Here’s What Happened

Anglo American (OTCMKTS:NGLOY) reached a new 52-week high during trading on Wednesday . The stock traded as high as $23.20 and last traded at $22.93, with a volume of 155949 shares. The stock had previously closed at $21.97.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Berenberg Bank set a $20.00 price target on Anglo American in a report on Wednesday, October 8th. Citigroup restated a “neutral” rating on shares of Anglo American in a report on Friday, September 26th. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Anglo American currently has a consensus rating of “Moderate Buy” and a consensus target price of $20.00.

Anglo American Trading Up 4.3%

The stock has a 50 day moving average of $19.86 and a 200 day moving average of $17.84. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.11 and a quick ratio of 1.65.

About Anglo American

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.