Brokerages Set Anglo American (OTCMKTS:NGLOY) Price Target at $28.00

Shares of Anglo American (OTCMKTS:NGLOY) have earned a consensus rating of “Moderate Buy” from the ten brokerages that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $28.00.

A number of equities analysts have recently commented 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 research report on Thursday, June 18th. Scotiabank initiated coverage on Anglo American in a report on Tuesday, September 8th. They set an “outperform” rating for the company. Barclays reiterated an “overweight” rating on shares of Anglo American in a research report on Tuesday, July 7th. Zacks Research downgraded shares of Anglo American from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 31st. Finally, Freedom Capital cut Anglo American from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 16th.

Anglo American Stock Performance

NGLOY opened at $27.24 on Tuesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.98 and a quick ratio of 1.54. Anglo American has a 1 year low of $17.16 and a 1 year high of $29.61. The stock has a fifty day moving average price of $26.52 and a 200 day moving average price of $25.14.

About Anglo American

Anglo American plc is a global mining company headquartered in London, England. Its portfolio is centered on copper, premium iron ore and crop nutrients, with operations and development projects spanning Africa, Australia, South America and the United Kingdom. The company produces raw materials used in infrastructure, manufacturing, transportation, agriculture and the energy transition.

Anglo American’s copper business includes mines in Chile and Peru, while its iron ore operations include Kumba Iron Ore in South Africa and Minas-Rio in Brazil.