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

Key Points

• Anglo American shares have received a consensus recommendation of "Moderate Buy" from eight rating firms, with an average price target set at $20.00.
• The company's stock recently traded down by 2.7%, opening at $19.19, with a 12-month range between $12.70 and $20.46.
• Anglo American has announced a dividend of $0.028, which was paid to stockholders on October 7th.

Shares of Anglo American (OTCMKTS:NGLOY - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the eight ratings firms that are covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $20.00.

A number of analysts have commented on the stock. Citigroup reiterated a "neutral" rating on shares of Anglo American in a report on Friday, September 26th. Royal Bank Of Canada reissued a "sector perform" rating on shares of Anglo American in a research note on Monday, August 4th. DZ Bank cut shares of Anglo American from a "strong-buy" rating to a "hold" rating in a research note on Thursday, September 11th. Finally, Berenberg Bank set a $20.00 price target on shares of Anglo American in a research note on Wednesday, October 8th.

Anglo American Trading Down 2.7%

NGLOY stock opened at $19.19 on Monday. The company has a current ratio of 2.11, a quick ratio of 1.65 and a debt-to-equity ratio of 0.59. Anglo American has a 12 month low of $12.70 and a 12 month high of $20.46. The firm has a 50-day moving average of $16.97 and a two-hundred day moving average of $15.17.

Anglo American Cuts Dividend

The company also recently declared a dividend, which was paid on Tuesday, October 7th. Stockholders of record on Monday, August 25th were paid a $0.028 dividend. The ex-dividend date of this dividend was Friday, August 22nd.

About Anglo American

Anglo American plc operates as a mining company in the United Kingdom and internationally. It explores for rough and polished diamonds, copper, platinum group metals and nickel, steelmaking coal, and iron ore; and nickel, polyhalite, and manganese ores. Anglo American plc was founded in 1917 and is headquartered in London, the United Kingdom.

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