Anglo American (OTCMKTS:NGLOY) Shares Gap Up - Here's What Happened

Key Points

• Anglo American's share price opened at $16.96, significantly higher than the previous close of $15.47, and last traded at $16.88 with a trading volume of 716,183 shares.
• Analysts have mixed ratings on Anglo American, with one strong buy, two buys, three holds, and one sell, leading to an average rating of "Hold".
• The company announced a dividend of $0.028 per share, scheduled to be paid on October 7th, with the ex-dividend date on August 22nd.

Anglo American (OTCMKTS:NGLOY - Get Free Report)'s share price gapped up prior to trading on Tuesday . The stock had previously closed at $15.47, but opened at $16.96. Anglo American shares last traded at $16.88, with a volume of 716,183 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada reiterated a "sector perform" rating on shares of Anglo American in a report on Monday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Hold".

Anglo American Stock Up 8.7%

The firm's 50 day moving average is $14.89 and its 200 day moving average is $14.44. 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. Investors of record on Monday, August 25th will be paid a dividend of $0.028 per share. The ex-dividend date of this dividend is 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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