Anglo American (OTCMKTS:NGLOY) Sets New 52-Week High - Here's What Happened

Key Points

• Anglo American's stock reached a new 52-week high of $18.75 during trading, reflecting a significant increase from its previous close of $18.30.
• Analysts have varied ratings on the stock, with one strong buy, two buy, and five hold ratings, leading to a consensus of "Moderate Buy."
• The company recently declared a dividend of $0.028, with payment set for October 7th to stockholders of record as of August 25th.

Anglo American (OTCMKTS:NGLOY - Get Free Report)'s stock price reached a new 52-week high during trading on Monday . The company traded as high as $18.75 and last traded at $18.73, with a volume of 605542 shares trading hands. The stock had previously closed at $18.30.

Analysts Set New Price Targets

NGLOY has been the subject of a number of analyst reports. Citigroup reissued a "neutral" rating on shares of Anglo American in a research report on Friday. DZ Bank cut shares of Anglo American from a "strong-buy" rating to a "hold" rating in a report on Thursday, September 11th. Berenberg Bank raised shares of Anglo American from a "strong sell" rating to a "hold" rating in a report on Wednesday, September 10th. Finally, Royal Bank Of Canada restated a "sector perform" rating on shares of Anglo American in a research report on Monday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, Anglo American has a consensus rating of "Moderate Buy".

Anglo American Stock Up 2.3%

The firm's fifty day simple moving average is $15.58 and its 200 day simple moving average is $14.69. 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 business also recently declared a dividend, which will be paid on Tuesday, October 7th. Stockholders of record on Monday, August 25th will be issued a $0.028 dividend. 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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