Anglo American (OTCMKTS:NGLOY) Reaches New 1-Year High - Still a Buy?

Key Points

• Anglo American shares reached a new 52-week high of $19.22, with last trades at $19.18 and a trading volume of 55,425 shares.
• Analyst ratings for the stock vary, with one strong buy, two buy, and five hold ratings, resulting in an average rating of "Moderate Buy."
• The company recently cut its dividend, declaring a payment of $0.028 per share, scheduled for distribution on October 7th to shareholders of record from August 25th.

Shares of Anglo American (OTCMKTS:NGLOY - Get Free Report) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $19.22 and last traded at $19.18, with a volume of 55425 shares trading hands. The stock had previously closed at $19.01.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on NGLOY shares. DZ Bank downgraded shares of Anglo American from a "strong-buy" rating to a "hold" rating in a research note on Thursday, September 11th. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of Anglo American in a research note on Monday, August 4th. Citigroup reiterated a "neutral" rating on shares of Anglo American in a report on Friday, September 26th. Finally, Berenberg Bank upgraded shares of Anglo American from a "strong sell" rating to a "hold" rating in a report on Wednesday, September 10th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy".

Anglo American Price Performance

The stock's 50-day moving average price is $15.90 and its 200-day moving average price is $14.82.

Anglo American Cuts Dividend

The business also recently declared a dividend, which will be paid on Tuesday, October 7th. Stockholders of record on Monday, August 25th will be given a dividend of $0.028 per share. The ex-dividend date is Friday, August 22nd.

Anglo American Company Profile

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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