Anglo American (OTCMKTS:NGLOY) Downgraded by Zacks Research to Strong Sell

Zacks Research lowered shares of Anglo American (OTCMKTS:NGLOY) from a hold rating to a strong sell rating in a report published on Tuesday,Zacks reports.

A number of other research analysts have also weighed in on the company. Berenberg Bank set a $28.00 target price on Anglo American and gave the company a “hold” rating in a report on Thursday, June 18th. Barclays reiterated an “overweight” rating on shares of Anglo American in a report on Tuesday, July 7th. Freedom Capital lowered Anglo American from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 16th. Finally, Scotiabank initiated coverage on Anglo American in a research note on Tuesday, September 8th. They set an “outperform” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Anglo American presently has an average rating of “Moderate Buy” and a consensus target price of $28.00.

Anglo American Trading Up 1.4%

NGLOY stock opened at $26.85 on Tuesday. The company has a current ratio of 1.98, a quick ratio of 1.54 and a debt-to-equity ratio of 0.60. The business has a 50-day simple moving average of $26.98 and a two-hundred day simple moving average of $25.37. Anglo American has a 52-week low of $17.49 and a 52-week high of $29.61.

Anglo American Company Profile

Anglo American plc is a global mining company headquartered in London, United Kingdom. The company explores for, develops and produces a range of metals and minerals used in construction, manufacturing, transportation, energy and consumer products. Its principal commodities include copper, premium iron ore, platinum-group metals and diamonds.

Anglo American’s copper business has operations in South America, while its iron ore activities include production in South Africa and Brazil. The company’s platinum-group-metals operations are concentrated in southern Africa, and its diamond business operates through De Beers, which mines, sorts, sells and markets rough and polished diamonds.