Anglo American (OTCMKTS:NGLOY) Stock Rating Lowered by Freedom Capital

Anglo American (OTCMKTS:NGLOY) was downgraded by equities research analysts at Freedom Capital from a “strong-buy” rating to a “hold” rating in a report released on Tuesday,Zacks.com reports.

NGLOY has been the subject of several other research reports. Oddo Bhf raised shares of Anglo American to an “outperform” rating in a research report on Wednesday, April 15th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Anglo American in a research report on Friday, May 15th. JPMorgan Chase & Co. lowered shares of Anglo American from a “neutral” rating to an “underweight” rating in a research note on Monday, March 9th. DZ Bank raised shares of Anglo American from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 25th. Finally, Barclays reissued an “overweight” rating on shares of Anglo American in a research note on Wednesday, February 25th. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $20.00.

Anglo American Stock Performance

NGLOY opened at $26.95 on Tuesday. The company has a 50-day moving average of $25.72 and a 200-day moving average of $23.24. Anglo American has a 1-year low of $13.33 and a 1-year high of $29.00. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.98 and a quick ratio of 1.54.

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.