DZ Bank Downgrades Anglo American (OTCMKTS:NGLOY) to Hold

Anglo American (OTCMKTS:NGLOY) was downgraded by research analysts at DZ Bank from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Thursday,Zacks.com reports.

A number of other brokerages have also issued reports on NGLOY. Berenberg Bank upgraded shares of Anglo American from a “strong sell” rating to a “hold” rating in a research note on Wednesday. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Anglo American in a research note on Monday, August 4th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Anglo American Price Performance

Shares of OTCMKTS:NGLOY opened at $17.46 on Thursday. The company has a current ratio of 1.86, a quick ratio of 1.29 and a debt-to-equity ratio of 0.57. The firm’s 50-day moving average is $15.07 and its two-hundred day moving average is $14.51. Anglo American has a 1 year low of $12.70 and a 1 year high of $18.74.

Anglo American Company Profile

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