Anglo American (OTCMKTS:NGLOY) Sees Strong Trading Volume – Here’s Why

Shares of Anglo American (OTCMKTS:NGLOY) saw an uptick in trading volume on Friday . 1,927,277 shares traded hands during trading, an increase of 195% from the previous session’s volume of 653,350 shares.The stock last traded at $21.6550 and had previously closed at $21.40.

Analysts Set New Price Targets

Several analysts recently issued reports on NGLOY shares. DZ Bank downgraded shares of Anglo American from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 11th. Citigroup reissued a “neutral” rating on shares of Anglo American in a report on Friday, September 26th. Finally, Berenberg Bank set a $20.00 target price on Anglo American in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $20.00.

Anglo American Stock Performance

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 company has a 50-day simple moving average of $19.32 and a two-hundred day simple moving average of $17.38.

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.