Anglo American (OTCMKTS:NGLOY) Cut to “Underweight” at JPMorgan Chase & Co.

JPMorgan Chase & Co. downgraded shares of Anglo American (OTCMKTS:NGLOY) from a neutral rating to an underweight rating in a research note released on Monday, Marketbeat reports.

Several other equities research analysts have also weighed in on the stock. Citigroup upgraded shares of Anglo American from a “neutral” rating to a “buy” rating in a report on Monday, February 2nd. Barclays reissued an “overweight” rating on shares of Anglo American in a report on Wednesday, February 25th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Anglo American in a research report on Monday, February 23rd. Finally, DZ Bank raised Anglo American from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 25th. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $20.00.

Anglo American Stock Performance

Anglo American stock opened at $22.38 on Monday. The company’s 50 day simple moving average is $23.32 and its 200 day simple moving average is $20.14. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.11 and a quick ratio of 1.65. Anglo American has a fifty-two week low of $12.70 and a fifty-two week high of $26.04.

About Anglo American

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.