Royal Bank of Canada Downgrades Anglo American (OTCMKTS:NGLOY) to Strong Sell

Anglo American (OTCMKTS:NGLOY) was downgraded by analysts at Royal Bank of Canada from a “hold” rating to a “strong sell” rating in a research note issued to investors on Wednesday,Zacks.com reports.

Several other equities research analysts have also recently weighed in on the company. Jefferies Financial Group upgraded Anglo American from a “hold” rating to a “buy” rating in a report on Friday, November 29th. Citigroup upgraded Anglo American to a “strong-buy” rating in a report on Wednesday, October 9th. Finally, Berenberg Bank cut shares of Anglo American from a “hold” rating to a “strong sell” rating in a report on Friday, October 25th. Two analysts have rated the stock with a sell rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

Anglo American Trading Up 0.7 %

Shares of NGLOY opened at $15.16 on Wednesday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.98 and a quick ratio of 1.33. The firm has a fifty day simple moving average of $15.12 and a two-hundred day simple moving average of $14.97. Anglo American has a twelve month low of $10.69 and a twelve month high of $17.60.

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.