Anglo American (OTCMKTS:NGLOY – Get Free Report) was the recipient of a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 84,899 shares, a drop of 64.4% from the June 15th total of 238,613 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 793,779 shares, the short-interest ratio is currently 0.1 days.
Anglo American Stock Performance
Shares of NGLOY stock opened at $24.70 on Monday. Anglo American has a 52 week low of $13.56 and a 52 week high of $29.00. The company has a quick ratio of 1.54, a current ratio of 1.98 and a debt-to-equity ratio of 0.60. The firm has a 50 day moving average of $25.91 and a 200-day moving average of $23.90.
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on the stock. Barclays reiterated an “overweight” rating on shares of Anglo American in a report on Tuesday, July 7th. Freedom Capital downgraded shares of Anglo American from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 16th. Zacks Research upgraded shares of Anglo American from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 2nd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Anglo American in a research note on Friday, May 15th. Finally, Oddo Bhf upgraded shares of Anglo American to an “outperform” rating in a report on Wednesday, April 15th. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Anglo American has an average rating of “Moderate Buy” and an average price target of $28.00.
Anglo American Company Profile
Anglo American plc is a multinational mining company headquartered in London that explores for, mines, processes and markets a broad range of commodities. Its principal activities cover the extraction and processing of bulk and specialty metals and minerals, including copper, iron ore, platinum group metals (PGMs), diamonds, nickel and both metallurgical and thermal coal. Anglo American’s operations span the full value chain from greenfield exploration and mine development through to mineral processing, smelting, refining and the sale of mined products to industrial and consumer markets worldwide.
The company has a long history in the mining industry, having been established in the early 20th century and grown into one of the world’s major mining groups.
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