Citigroup Upgrades Anglo American (OTCMKTS:NGLOY) to Strong-Buy

Citigroup upgraded shares of Anglo American (OTCMKTS:NGLOY) to a strong-buy rating in a report issued on Wednesday morning, Zacks.com reports.

A number of other brokerages have also recently commented on NGLOY. BNP Paribas raised Anglo American from a neutral rating to an outperform rating in a research report on Friday, June 21st. UBS Group raised Anglo American from a neutral rating to a buy rating in a report on Friday, July 26th. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy.

Anglo American Stock Performance

Shares of OTCMKTS NGLOY opened at $15.07 on Wednesday. Anglo American has a one year low of $10.37 and a one year high of $17.60. The company has a quick ratio of 1.33, a current ratio of 1.98 and a debt-to-equity ratio of 0.56. The business’s fifty day moving average price is $14.62 and its 200-day moving average price is $15.00.

Anglo American Increases Dividend

The business also recently announced a dividend, which was paid on Friday, October 4th. Shareholders of record on Friday, August 16th were given a dividend of $0.194 per share. The ex-dividend date of this dividend was Friday, August 16th. This is a positive change from Anglo American’s previous dividend of $0.18.

Anglo American Company Profile

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.