Anglo American plc Receives Average Rating of 'Moderate Buy' from Analysts

Anglo American plc (OTCMKTS:NGLOY - Get Free Report) has achieved an average recommendation of "Moderate Buy" as assessed by six ratings firms monitoring the company's stock, according to MarketBeat Ratings. Among these analysts, one has issued a sell rating, one has given a hold rating, three have opted for a buy rating, and one has assigned a strong buy rating.

Many analysts have provided their perspectives on the shares of Anglo American. For instance, during a research note released on October 25th, Berenberg Bank downgraded Anglo American’s status from a "hold" rating to a "strong sell" rating. Conversely, Citigroup recently upgraded the stock to a "strong buy" rating on October 9th, and Jefferies Financial Group elevated the rating from "hold" to "buy" on November 29th.

Current Stock Performance

As of Friday, NGLOY stock opened at $15.52. The company maintains a 50-day simple moving average of $15.38 and a 200-day simple moving average of $15.07. Further financial metrics show a quick ratio of 1.33, a current ratio of 1.98, and a debt-to-equity ratio of 0.56. The stock has seen a fifty-two week low of $10.69 and a high of $17.60.

Overview of Anglo American

Anglo American plc operates as a global mining firm, searching for various materials including rough and polished diamonds, copper, platinum group metals, nickel, steelmaking coal, and iron ore, as well as polyhalite and manganese ores. Founded in 1917, the company has its headquarters in London, United Kingdom.

Future Investment Considerations

Before making an investment decision regarding Anglo American, it is advisable to conduct thorough research. Notably, MarketBeat identifies several stocks recommended by leading analysts which have been gaining attention, and Anglo American was not included in this selective list.

In conclusion, while analysts currently rate Anglo American with a "Moderate Buy" rating, other stocks may present more promising opportunities according to top-rated analysts.

Anglo, American, stocks