Anglo American (OTCMKTS:NGLOY) Cut to “Hold” at Zacks Investment Research

Anglo American (OTCMKTS:NGLOY – Get Rating) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, Zacks.com reports.

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 research analysts have also recently weighed in on the stock. HSBC started coverage on shares of Anglo American in a research note on Friday, March 18th. They issued a “buy” rating on the stock. Jefferies Financial Group boosted their target price on shares of Anglo American from GBX 4,000 ($49.97) to GBX 4,300 ($53.72) in a research note on Wednesday, March 9th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Anglo American from GBX 4,100 ($51.22) to GBX 4,300 ($53.72) in a research note on Tuesday, April 5th. Berenberg Bank upped their price target on shares of Anglo American from GBX 3,500 ($43.72) to GBX 3,600 ($44.97) in a research note on Thursday, February 24th. Finally, Morgan Stanley upped their price target on shares of Anglo American to GBX 2,900 ($36.23) in a research note on Wednesday, January 19th. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $3,352.89.

NGLOY opened at $22.42 on Wednesday. The company has a current ratio of 1.79, a quick ratio of 1.29 and a debt-to-equity ratio of 0.33. Anglo American has a twelve month low of $16.75 and a twelve month high of $27.80. The company’s 50-day moving average price is $25.33 and its two-hundred day moving average price is $22.40.

Anglo American Company Profile (Get Rating)

Anglo American plc operates as a mining company worldwide. The company explores for rough and polished diamonds, copper, platinum group metals, metallurgical and thermal coal, and iron ore; and nickel, polyhalite, and manganese ores, as well as alloys. Anglo American plc was founded in 1917 and is headquartered in London, the United Kingdom.

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