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

Key Points

• Consensus "Moderate Buy": Seven analysts give Anglo American a consensus recommendation of Moderate Buy (1 sell, 1 hold, 3 buy, 2 strong buy) with an average 1‑year price target of $20.00.
• Recent analyst actions are mixed: Citigroup and DZ Bank upgraded the stock (to buy/strong‑buy) and Barclays/Deutsche Bank maintained positive views, while JPMorgan recently downgraded it to underweight.
• Price context: the stock opened at $20.51 (up ~7.0%), trades near its 200‑day MA ($20.48) with a 50‑day MA of $23.20, and has a 52‑week range of $12.70–$26.04.

Shares of Anglo American (OTCMKTS:NGLOY - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the seven analysts that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and two have given a strong buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $20.00.

Several research firms have recently issued reports on NGLOY. Citigroup upgraded shares of Anglo American from a "neutral" rating to a "buy" rating in a report on Monday, February 2nd. Barclays reiterated an "overweight" rating on shares of Anglo American in a research note on Wednesday, February 25th. DZ Bank upgraded shares of Anglo American from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, February 25th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Anglo American in a report on Monday, February 23rd. Finally, JPMorgan Chase & Co. downgraded shares of Anglo American from a "neutral" rating to an "underweight" rating in a research note on Monday, March 9th.

Anglo American Stock Up 7.0%

Anglo American stock opened at $20.51 on Tuesday. The company has a current ratio of 1.98, a quick ratio of 1.54 and a debt-to-equity ratio of 0.60. The stock has a 50-day moving average of $23.20 and a two-hundred day moving average of $20.48. Anglo American has a one year low of $12.70 and a one year high of $26.04.

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.

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