Anglo American (OTCMKTS:NGLOY) Downgraded to “Underweight” Rating by JPMorgan Chase & Co.

JPMorgan Chase & Co. downgraded shares of Anglo American (OTCMKTS:NGLOY) from a neutral rating to an underweight rating in a research note issued to investors on Monday, Marketbeat.com reports.

A number of other research analysts have also commented on NGLOY. Citigroup raised shares of Anglo American from a “neutral” rating to a “buy” rating in a research report on Monday, February 2nd. DZ Bank raised Anglo American from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 25th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Anglo American in a research note on Monday, February 23rd. Finally, Barclays reaffirmed an “overweight” rating on shares of Anglo American in a report on Wednesday, February 25th. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $20.00.

Anglo American Stock Down 0.4%

Shares of Anglo American stock opened at $21.60 on Monday. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.11 and a quick ratio of 1.65. Anglo American has a fifty-two week low of $12.70 and a fifty-two week high of $26.04. The firm has a fifty day moving average price of $23.25 and a two-hundred day moving average price of $20.07.

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.