Anglo American (OTCMKTS:NGLOY) Shares Gap Up - Still a Buy?

Key Points

• Anglo American shares opened at $18.01 after a previous close of $17.23, indicating a significant gap up prior to trading.
• Analysts show mixed sentiment, with one rating a Strong Buy, two a Buy, and five a Hold, leading to an average rating of "Moderate Buy".
• The company announced a dividend of $0.028 per share, with key dates including an ex-dividend date of August 22nd.

Shares of Anglo American (OTCMKTS:NGLOY - Get Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $17.23, but opened at $18.01. Anglo American shares last traded at $17.93, with a volume of 36,384 shares traded.

Analysts Set New Price Targets

NGLOY has been the subject of a number of research reports. Royal Bank Of Canada reiterated a "sector perform" rating on shares of Anglo American in a report on Monday, August 4th. Berenberg Bank raised Anglo American from a "strong sell" rating to a "hold" rating in a research report on Wednesday, September 10th. Finally, DZ Bank downgraded Anglo American from a "strong-buy" rating to a "hold" rating in a report on Thursday, September 11th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy".

Anglo American Trading Up 4.5%

The firm's 50-day simple moving average is $15.39 and its two-hundred day simple moving average is $14.61. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.29 and a current ratio of 1.86.

Anglo American Cuts Dividend

The company also recently announced a dividend, which will be paid on Tuesday, October 7th. Investors of record on Monday, August 25th will be issued a dividend of $0.028 per share. The ex-dividend date of this dividend 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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