Anglo American (NGLOY) Cut to “Sell” at Zacks Investment Research
Zacks Investment Research lowered shares of Anglo American (OTCMKTS:NGLOY) from a hold rating to a sell rating in a report issued on Wednesday.
According to Zacks, “Anglo American PLC is a mining company. Its portfolio includes iron ore, manganese, metallurgical coal, copper, nickel, platinum and diamonds. The company operates primarily in Africa, Europe, North and South America, Asia and Australia. Anglo American PLC is headquartered in London, the United Kingdom. “
A number of other equities analysts also recently issued reports on NGLOY. Deutsche Bank downgraded Anglo American from a hold rating to a sell rating in a research report on Monday, September 25th. Jefferies Group upgraded Anglo American from a hold rating to a buy rating in a research report on Friday, January 5th. ValuEngine upgraded Anglo American from a hold rating to a buy rating in a research report on Wednesday, November 15th. Finally, upgraded Anglo American from a hold rating to a buy rating in a research report on Tuesday, October 3rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of $10.00.
Shares of Anglo American (OTCMKTS:NGLOY) traded up $0.13 during mid-day trading on Wednesday, reaching $12.16. The company’s stock had a trading volume of 173,923 shares, compared to its average volume of 307,282. The stock has a market capitalization of $33,770.00, a P/E ratio of 8.33 and a beta of 0.93. The company has a quick ratio of 1.39, a current ratio of 1.98 and a debt-to-equity ratio of 0.42. Anglo American has a 52 week low of $5.95 and a 52 week high of $12.17.
About Anglo American
Anglo American plc is a mining company. The Company has a portfolio of mining operations and undeveloped resources with a focus on diamonds, copper, platinum group metals (PGMs), and bulk commodities and other minerals. Its segments include De Beers, Platinum, Copper, Nickel, Niobium and Phosphates, Iron Ore and Manganese, Coal, and Corporate and other.
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