Anglo American plc Receives Moderate Buy Rating from Analysts

Anglo American plc (OTCMKTS:NGLOY) has recently received an average rating of "Moderate Buy" from six brokerage firms that are covering the company, according to MarketBeat Ratings. Of these analysts, one has issued a sell rating, another has provided a hold rating, three have assigned buy ratings, and one has rated the stock as a strong buy.

A number of financial analysts have expressed their insights on NGLOY shares. For instance, Berenberg Bank recently downgraded Anglo American from a "hold" rating to a "strong sell" in a research note released on October 25. In contrast, Citigroup upgraded the company to a "strong-buy" rating on October 9. Additionally, Jefferies Financial Group raised its rating from "hold" to "buy" on November 29.

Anglo American Stock Performance

The stock opened at $15.52 last Friday, showcasing a 50-day simple moving average of $15.38 and a 200-day simple moving average of $15.07. The company’s quick ratio stands at 1.33 and its current ratio is 1.98, with a debt-to-equity ratio of 0.56. Over the past fifty-two weeks, the stock has experienced a low of $10.69 and a high of $17.60.

Company Overview

Anglo American plc is a prominent mining company based in the UK, operating both domestically and internationally. Founded in 1917 and headquartered in London, the company explores various natural resources including diamonds, copper, platinum group metals, nickel, steelmaking coal, and iron ore, along with other minerals like polyhalite and manganese ores.

Investment Considerations

Before considering an investment in Anglo American, it is essential to review insights from top-rated analysts. While the current consensus offers a "Moderate Buy" rating, it's worth noting that other analysts have suggested alternative stocks that may present superior buying opportunities.

Anglo, American, Stock