Anglo American (OTCMKTS:NGLOY) Reaches New 12-Month High - Still a Buy?

Key Points

• Anglo American reached a new 52-week high of $26.24 (last at $26.17) on Wednesday with about 127,477 shares traded, up from a prior close of $24.43.
• Analyst sentiment is mixed but broadly positive: MarketBeat's consensus is a "Moderate Buy" with 2 Strong Buy, 4 Buy, 1 Hold and 1 Sell, and an average target price of $20.00, which is below the current share price.
• Key fundamentals and technicals indicate moderate leverage and an upward trend — debt-to-equity 0.60, current ratio 1.98, and 50-/200-day SMAs of $22.95 and $21.52, respectively.

Anglo American (OTCMKTS:NGLOY - Get Free Report) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as $26.24 and last traded at $26.17, with a volume of 127477 shares changing hands. The stock had previously closed at $24.43.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. DZ Bank upgraded Anglo American from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, February 25th. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Anglo American in a research note on Monday, February 23rd. Oddo Bhf upgraded shares of Anglo American to an "outperform" rating in a research report on Wednesday, April 15th. Barclays reissued an "overweight" rating on shares of Anglo American in a research note on Wednesday, February 25th. Finally, JPMorgan Chase & Co. downgraded shares of Anglo American from a "neutral" rating to an "underweight" rating in a research report on Monday, March 9th. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $20.00.

Anglo American Stock Performance

The company has a debt-to-equity ratio of 0.60, a current ratio of 1.98 and a quick ratio of 1.54. The stock has a fifty day simple moving average of $22.95 and a two-hundred day simple moving average of $21.52.

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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