Anglo American (OTCMKTS:NGLOY) Given Average Recommendation of “Moderate Buy” by Brokerages

Anglo American (OTCMKTS:NGLOY) has been assigned a consensus recommendation of “Moderate Buy” from the nine brokerages that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, three have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $28.00.

Several equities research analysts have issued reports on the stock. Barclays restated an “overweight” rating on shares of Anglo American in a research report on Tuesday, July 7th. Zacks Research lowered Anglo American from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 31st. Berenberg Bank set a $28.00 price target on Anglo American and gave the stock a “hold” rating in a report 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. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Anglo American in a report on Friday, May 15th.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Anglo American stock. Foster & Motley Inc. purchased a new position in shares of Anglo American (OTCMKTS:NGLOY) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,309 shares of the mining company’s stock, valued at approximately $1,207,000. 0.03% of the stock is owned by institutional investors.

Anglo American Stock Up 0.4%

Anglo American stock opened at $27.28 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.54 and a current ratio of 1.98. The company’s 50-day moving average is $25.37 and its 200-day moving average is $24.64. Anglo American has a fifty-two week low of $14.52 and a fifty-two week high of $29.00.

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.