Anglo American (OTCMKTS:NGLOY) Sees Unusually-High Trading Volume - Here's Why

Key Points

• Anglo American (OTCMKTS:NGLOY) experienced a significant increase in trading volume, reaching 977,554 shares traded, which is a 308% increase from the previous day.
• The stock is currently rated as "Moderate Buy" by analysts, with a consensus target price of $20.00, reflecting a range of ratings including one "Strong Buy" and five "Hold" ratings.
• Anglo American recently cut its dividend, paying $0.028 per share to stockholders of record, which indicates a shift in its financial strategies.

Anglo American (OTCMKTS:NGLOY - Get Free Report) saw an uptick in trading volume on Wednesday . 977,554 shares changed hands during mid-day trading, an increase of 308% from the previous session's volume of 239,382 shares.The stock last traded at $19.59 and had previously closed at $18.85.

Analyst Upgrades and Downgrades

A number of research firms recently commented on NGLOY. Citigroup reiterated a "neutral" rating on shares of Anglo American in a research report on Friday, September 26th. DZ Bank downgraded Anglo American from a "strong-buy" rating to a "hold" rating in a research report on Thursday, September 11th. Royal Bank Of Canada reiterated a "sector perform" rating on shares of Anglo American in a research report on Monday, August 4th. Finally, Berenberg Bank set a $20.00 target price on Anglo American in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $20.00.

Anglo American Stock Performance

The business has a 50 day moving average price of $16.06 and a 200 day moving average price of $14.87.

Anglo American Cuts Dividend

The firm also recently announced a dividend, which was paid on Tuesday, October 7th. Stockholders of record on Monday, August 25th were paid a dividend of $0.028 per share. The ex-dividend date of this dividend was 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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