Anglo American (OTCMKTS:NGLOY) Downgraded by Freedom Capital to Hold

Freedom Capital lowered shares of Anglo American (OTCMKTS:NGLOY) from a strong-buy rating to a hold rating in a research report released on Tuesday,Zacks.com reports.

A number of other equities research analysts have also recently weighed in on NGLOY. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Anglo American in a research note on Friday, May 15th. DZ Bank raised Anglo American from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 25th. JPMorgan Chase & Co. lowered Anglo American from a “neutral” rating to an “underweight” rating in a report on Monday, March 9th. Barclays reissued an “overweight” rating on shares of Anglo American in a report on Wednesday, February 25th. Finally, Oddo Bhf raised Anglo American to an “outperform” rating in a report on Wednesday, April 15th. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $20.00.

Anglo American Trading Down 2.9%

Shares of OTCMKTS NGLOY opened at $26.95 on Tuesday. The company has a current ratio of 1.98, a quick ratio of 1.54 and a debt-to-equity ratio of 0.60. Anglo American has a twelve month low of $13.33 and a twelve month high of $29.00. The stock has a 50 day moving average of $25.72 and a two-hundred day moving average of $23.24.

Anglo American Company Profile

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.