Anglo American (NGLOY) Stock Forecast & Price Target

$14.94 +0.08 (+0.54%)

(As of 11/21/2024 ET)

Anglo American - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 8 Analyst Ratings

Sell
1

Hold
3

Buy
4

Based on 8 Wall Street analysts who have issued ratings for Anglo American in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 8 analysts, 1 has given a sell rating, 3 have given a hold rating, 3 have given a buy rating, and 1 has given a strong buy rating for NGLOY.

Consensus Price Target

N/A

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NGLOY Analyst Ratings Over Time

Type	Current Forecast 11/22/23 to 11/21/24	1 Month Ago 10/23/23 to 10/22/24	3 Months Ago 8/24/23 to 8/23/24	1 Year Ago 11/22/22 to 11/22/23
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	3 Buy rating(s)	3 Buy rating(s)	3 Buy rating(s)	4 Buy rating(s)
Hold	3 Hold rating(s)	3 Hold rating(s)	3 Hold rating(s)	2 Hold rating(s)
Sell	1 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	N/A	N/A	N/A	N/A
Forecasted Upside	N/A	N/A	N/A	N/A
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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NGLOY Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

NGLOY Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Anglo American Stock vs. The Competition

Type	Anglo American	Basic Materials Companies	S&P 500
Consensus Rating Score	2.50	2.76	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	N/A	120.11% Upside	8.51% Upside
News Sentiment Rating	Neutral News See Recent NGLOY News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target
10/25/2024	Berenberg Bank 2 of 5 stars	R. Hatch Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Hold ➝ Strong Sell
10/9/2024	Citigroup 3 of 5 stars	E. Ravi Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
7/26/2024	UBS Group 4 of 5 stars		Upgrade	Neutral ➝ Buy
6/21/2024	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating	A. Spence Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Outperform
5/29/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold
1/12/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Neutral
Get the Latest News and Ratings for NGLOY and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Anglo American and its competitors with MarketBeat's FREE daily newsletter.
12/11/2023	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Market Perform
11/22/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy
9/14/2023	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		GBX 2,650 ➝ GBX 2,900
9/12/2023	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		GBX 3,000 ➝ GBX 2,900
7/11/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		GBX 2,430 ➝ GBX 2,320
6/6/2023	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Sector Perform ➝ Outperform
4/26/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		GBX 2,950 ➝ GBX 3,050
3/20/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Buy
1/3/2023	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Market Perform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 07:36 PM ET.

Should I Buy Anglo American Stock? NGLOY Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Monday, November 4, 2024. Please send any questions or comments about these Anglo American pros and cons to contact@marketbeat.com.

Anglo American
Bull Case

Here are some ways that investors could benefit from investing in Anglo American plc:

Anglo American plc has received a consensus recommendation of "Moderate Buy" from six ratings firms, indicating positive sentiment from analysts.
The company recently increased its dividend from $0.18 to $0.194, showing a commitment to rewarding shareholders.
Anglo American's stock price has been trading steadily, with a 50-day moving average of $14.44 and a 200-day moving average of $14.79, suggesting stability.
UBS Group upgraded Anglo American from a "neutral" rating to a "buy" rating, signaling confidence in the company's future performance.
Anglo American explores a diverse range of valuable resources such as rough and polished diamonds, copper, platinum group metals, and iron ore, providing exposure to multiple sectors.

Anglo American
Bear Case

Investors should be bearish about investing in Anglo American plc for these reasons:

Short interest in Anglo American plc grew by 42.9% in September, indicating increased bearish sentiment among investors.
The company's stock has a 52-week low of $10.37, which may raise concerns about potential downside risk.
Despite recent positive analyst ratings, there is still a level of uncertainty in the market regarding Anglo American's future performance.
Anglo American's debt-to-equity ratio of 0.48 may be a concern for investors looking for companies with lower leverage.
The company's short-interest ratio of 0.1 days suggests a high level of short-term trading activity, which can lead to volatility in the stock price.

NGLOY Forecast - Frequently Asked Questions

: 8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Anglo American in the last year. There is currently 1 sell rating, 3 hold ratings, 3 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" NGLOY shares.
: According to analysts, Anglo American's stock has a predicted downside of -100.00% based on their 12-month stock forecasts.
: Over the previous 90 days, Anglo American's stock had 1 upgrade and 1 downgrade by analysts.
: Anglo American has been rated by research analysts at Berenberg Bank, and Citigroup in the past 90 days.
: Analysts like Anglo American less than other "basic materials" companies. The consensus rating score for Anglo American is 2.50 while the average consensus rating score for "basic materials" companies is 2.76. Learn more on how NGLOY compares to other companies.

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This page (OTCMKTS:NGLOY) was last updated on 11/21/2024 by MarketBeat.com Staff

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Anglo American (NGLOY) Stock Forecast & Price Target