Anglo American (OTCMKTS:NGLOY) Reaches New 1-Year High - What's Next?

Key Points

• Anglo American's stock price reached a new 52-week high of $20.25 during trading, reflecting a notable increase from its previous close of $19.25.
• Recent analyst ratings show a moderate buy consensus on the stock, with a price target set at $20.00 by Berenberg Bank.
• The company announced a dividend payment of $0.028 per share on October 7th, impacting investor interest and stock performance.

Anglo American (OTCMKTS:NGLOY - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $20.25 and last traded at $20.25, with a volume of 129229 shares trading hands. The stock had previously closed at $19.25.

Analyst Ratings Changes

NGLOY has been the topic of several recent analyst reports. DZ Bank lowered Anglo American from a "strong-buy" rating to a "hold" rating in a research note on Thursday, September 11th. Citigroup reiterated a "neutral" rating on shares of Anglo American in a research 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. Finally, Berenberg Bank set a $20.00 price target on shares of Anglo American in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $20.00.

Anglo American Trading Up 5.6%

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's 50-day moving average is $16.40 and its two-hundred day moving average is $14.97.

Anglo American Cuts Dividend

The business also recently announced a dividend, which was paid on Tuesday, October 7th. Investors of record on Monday, August 25th were given a dividend of $0.028 per share. 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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