Anglo American (OTCMKTS:NGLOY) Sees Large Volume Increase - Time to Buy?

Key Points

• Anglo American saw a significant 38% increase in trading volume with approximately 297,990 shares traded, signaling heightened investor interest.
• The company announced a dividend cut, declaring a payment of $0.028 per share made on October 7 for shareholders of record on August 25.
• A recent analysis reflects a mixed sentiment on the stock, with ratings ranging from "Strong Buy" to "Hold", resulting in a consensus rating of "Moderate Buy."

Anglo American (OTCMKTS:NGLOY - Get Free Report) shares saw unusually-high trading volume on Thursday . Approximately 297,990 shares traded hands during mid-day trading, an increase of 38% from the previous session's volume of 216,455 shares.The stock last traded at $17.87 and had previously closed at $17.89.

Analyst Upgrades and Downgrades

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

Anglo American Stock Performance

The company has a fifty day simple moving average of $15.45 and a two-hundred day simple moving average of $14.63. The company has a current ratio of 1.86, a quick ratio of 1.29 and a debt-to-equity ratio of 0.57.

Anglo American Cuts Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, October 7th. Shareholders 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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