Anglo American (OTCMKTS:NGLOY) Sees Unusually-High Trading Volume – Should You Buy?

by · The Markets Daily

Anglo American (OTCMKTS:NGLOY – Get Free Report) shares saw strong trading volume on Thursday . 592,217 shares traded hands during mid-day trading, an increase of 93% from the previous session’s volume of 307,338 shares.The stock last traded at $19.42 and had previously closed at $19.37.

Analyst Upgrades and Downgrades

NGLOY has been the subject of a number of analyst reports. Berenberg Bank set a $20.00 price objective on shares of Anglo American in a report on Wednesday, October 8th. DZ Bank lowered shares of Anglo American from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 11th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Anglo American in a research note on Friday, September 26th. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $20.00.

View Our Latest Research Report on NGLOY

Anglo American Trading Down 3.8%

The business’s fifty day moving average is $18.99 and its 200 day moving average is $16.63. The company has a current ratio of 2.11, a quick ratio of 1.65 and a debt-to-equity ratio of 0.59.

About Anglo American

(Get Free Report)

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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