Anglo American (OTCMKTS:NGLOY) Stock Rating Cut to Strong Sell at Freedom Broker

Freedom Broker lowered shares of Anglo American (OTCMKTS:NGLOY) from a hold rating to a strong sell rating in a research report sent to investors on Friday,Zacks reports.

A number of other research analysts also recently issued reports on NGLOY. Barclays restated an “overweight” rating on shares of Anglo American in a research note on Tuesday, July 7th. JPMorgan Chase & Co. upgraded Anglo American from an “underweight” rating to a “neutral” rating in a research note on Wednesday, October 14th. Zacks Research raised Anglo American from a “strong sell” rating to a “hold” rating in a report on Monday, October 5th. Finally, Scotiabank initiated coverage on shares of Anglo American in a research report on Tuesday, September 8th. They set an “outperform” rating on the stock. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $28.00.

Anglo American Trading Up 0.8%

Shares of Anglo American stock opened at $24.34 on Friday. Anglo American has a 12-month low of $17.49 and a 12-month high of $29.61. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.78 and a current ratio of 2.21. The company has a fifty day simple moving average of $27.21 and a 200-day simple moving average of $26.02.

About Anglo American

Anglo American plc is a global mining company headquartered in London, United Kingdom. Founded in 1917, the company explores for, develops and produces a range of natural resources used in construction, manufacturing, energy and consumer products.

Its principal commodities have included copper, iron ore, platinum-group metals, nickel, metallurgical coal and diamonds. Anglo American has operated mines and processing facilities across Africa, Australia, South America and other international markets.