Anglo American (OTCMKTS:NGLOY) Stock Breaks Below 200 Day Moving Average – What’s Next?

Anglo American (OTCMKTS:NGLOY) shares crossed below its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $25.26 and traded as low as $24.93. Anglo American shares last traded at $25.13, with a volume of 277,529 shares.

Analyst Upgrades and Downgrades

NGLOY has been the subject of a number of research reports. JPMorgan Chase & Co. raised Anglo American from an “underweight” rating to a “neutral” rating in a research note on Wednesday, October 14th. Freedom Broker downgraded Anglo American from a “hold” rating to a “strong sell” rating in a research note on Friday, October 23rd. Zacks Research upgraded Anglo American from a “strong sell” rating to a “hold” rating in a report on Monday, October 5th. Finally, Scotiabank began coverage on Anglo American in a report on Tuesday, September 8th. They issued an “outperform” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $28.00.

Anglo American Price Performance

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’s 50-day moving average price is $26.52 and its two-hundred day moving average price is $25.26.

About Anglo American

Anglo American is a global mining company founded in South Africa in 1917 and headquartered in London. It develops and operates mines and related processing businesses, with a portfolio that has included copper, iron ore, platinum-group metals and diamonds. The company’s operations and projects have spanned Africa, Australia, South America and North America. Its products serve industries including construction, transportation, manufacturing and consumer goods. Anglo American has grown from its South African origins into an international mining group, combining resource development with processing and marketing activities.