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

Anglo American (OTCMKTS:NGLOY) was downgraded by Freedom Capital from a “strong-buy” rating to a “hold” rating in a report issued on Tuesday,Zacks.com reports.

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

Anglo American Stock Down 2.9%

Anglo American stock opened at $26.95 on Tuesday. The stock’s 50 day moving average is $25.72 and its 200 day moving average is $23.24. The company has a quick ratio of 1.54, a current ratio of 1.98 and a debt-to-equity ratio of 0.60. Anglo American has a one year low of $13.33 and a one year high of $29.00.

About Anglo American

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.