Anglo American (OTCMKTS:NGLOY) Stock Rating Lowered by Liberum Capital

Anglo American (OTCMKTS:NGLOYGet Rating) was downgraded by investment analysts at Liberum Capital from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday, The Fly reports.

Several other research analysts also recently commented on NGLOY. Zacks Investment Research downgraded Anglo American from a “buy” rating to a “hold” rating in a research note on Wednesday. Jefferies Financial Group boosted their price target on Anglo American from GBX 4,000 ($49.97) to GBX 4,300 ($53.72) in a research note on Wednesday, March 9th. Berenberg Bank lifted their price objective on Anglo American from GBX 3,500 ($43.72) to GBX 3,600 ($44.97) in a report on Thursday, February 24th. JPMorgan Chase & Co. dropped their price objective on Anglo American from GBX 3,600 ($44.97) to GBX 3,450 ($43.10) in a report on Friday, April 22nd. Finally, BMO Capital Markets dropped their price objective on Anglo American from GBX 4,600 ($57.46) to GBX 4,200 ($52.47) in a report on Tuesday, April 26th. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $3,352.89.

Shares of OTCMKTS 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 12 month low of $16.75 and a 12 month high of $27.80. The stock has a 50 day moving average of $25.33 and a 200-day moving average of $22.40.

About Anglo American (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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