Freedom Capital Downgrades Anglo American (OTCMKTS:NGLOY) to Hold

Anglo American (OTCMKTS:NGLOY – Get Free Report) was downgraded by equities researchers at Freedom Capital from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Several other research firms have also recently weighed in on NGLOY. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Anglo American in a report on Friday, May 15th. Barclays restated an “overweight” rating on shares of Anglo American in a report on Wednesday, February 25th. JPMorgan Chase & Co. cut Anglo American from a “neutral” rating to an “underweight” rating in a report on Monday, March 9th. DZ Bank upgraded Anglo American from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 25th. Finally, Oddo Bhf upgraded Anglo American to an “outperform” rating in a report on Wednesday, April 15th. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Anglo American presently has an average rating of “Moderate Buy” and an average price target of $20.00.

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Anglo American Stock Performance

Anglo American stock opened at $26.95 on Tuesday. Anglo American has a 12-month low of $13.33 and a 12-month high of $29.00. 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’s 50-day moving average price is $25.72 and its two-hundred day moving average price is $23.24.

Anglo American Company Profile

(Get Free Report)

Anglo American plc is a multinational mining company headquartered in London that explores for, mines, processes and markets a broad range of commodities. Its principal activities cover the extraction and processing of bulk and specialty metals and minerals, including copper, iron ore, platinum group metals (PGMs), diamonds, nickel and both metallurgical and thermal coal. Anglo American’s operations span the full value chain from greenfield exploration and mine development through to mineral processing, smelting, refining and the sale of mined products to industrial and consumer markets worldwide.

The company has a long history in the mining industry, having been established in the early 20th century and grown into one of the world’s major mining groups.

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