Shares of Anglo American (OTCMKTS:NGLOY – Get Free Report) hit a new 52-week high on Tuesday . The company traded as high as $29.52 and last traded at $29.47, with a volume of 19602 shares trading hands. The stock had previously closed at $28.37.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Anglo American in a report on Friday, May 15th. Barclays reaffirmed an “overweight” rating on shares of Anglo American in a research note on Tuesday, July 7th. Zacks Research lowered shares of Anglo American from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 31st. Berenberg Bank set a $28.00 target price on Anglo American and gave the stock a “hold” rating in a report on Thursday, June 18th. Finally, Scotiabank began coverage on Anglo American in a research report on Tuesday. They issued an “outperform” rating for the company. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $28.00.
View Our Latest Stock Analysis on NGLOY
Anglo American Stock Down 1.6%
Anglo American Company Profile
Anglo American plc is a global mining company headquartered in London, England. Its portfolio is centered on copper, premium iron ore and crop nutrients, with operations and development projects spanning Africa, Australia, South America and the United Kingdom. The company produces raw materials used in infrastructure, manufacturing, transportation, agriculture and the energy transition.
Anglo American’s copper business includes mines in Chile and Peru, while its iron ore operations include Kumba Iron Ore in South Africa and Minas-Rio in Brazil.
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