Anglo American (OTCMKTS:NGLOY) Stock Gets Downgrade from Freedom Broker

Anglo American (OTCMKTS:NGLOY) was downgraded by Freedom Broker from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Friday, Zacks reports.

A number of other brokerages have also recently issued reports on NGLOY. Scotiabank started coverage on Anglo American in a research note on Tuesday, September 8th. They set an “outperform” rating on the stock. JPMorgan Chase & Co. raised shares of Anglo American from an “underweight” rating to a “neutral” rating in a research note on Wednesday, October 14th. Barclays reissued an “overweight” rating on shares of Anglo American in a research note on Tuesday, July 7th. Finally, Zacks Research upgraded shares of Anglo American from a “strong sell” rating to a “hold” rating in a report on Monday, October 5th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $28.00.

Anglo American Stock Up 0.8%

NGLOY stock opened at $24.34 on Friday. 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 business has a 50 day moving average price of $27.21 and a two-hundred day moving average price of $26.02. Anglo American has a twelve month low of $17.49 and a twelve month high of $29.61.

About Anglo American

Anglo American plc is a global mining company headquartered in London, United Kingdom. Founded in 1917, the company explores for, develops and produces a range of natural resources used in construction, manufacturing, energy and consumer products.

Its principal commodities have included copper, iron ore, platinum-group metals, nickel, metallurgical coal and diamonds. Anglo American has operated mines and processing facilities across Africa, Australia, South America and other international markets.