Anglo American (OTCMKTS:NGLOY) Stock Moved Down to “Strong Sell” by Zacks Research

Anglo American (OTCMKTS:NGLOY) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Tuesday, Zacks reports.

NGLOY has been the topic of several other research reports. Freedom Capital downgraded shares of Anglo American from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 16th. Berenberg Bank set a $28.00 price target on Anglo American and gave the company a “hold” rating in a research report on Thursday, June 18th. Barclays reiterated an “overweight” rating on shares of Anglo American in a research note on Tuesday, July 7th. Finally, Scotiabank assumed coverage on Anglo American in a research report on Tuesday, September 8th. They set an “outperform” rating for the company. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $28.00.

Anglo American Price Performance

Shares of Anglo American stock opened at $26.85 on Tuesday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.54 and a current ratio of 1.98. The firm has a fifty day simple moving average of $26.98 and a 200-day simple moving average of $25.37. Anglo American has a 1-year low of $17.49 and a 1-year 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.