Anglo American (OTCMKTS:NGLOY) Cut to "Hold" at DZ Bank

Key Points

• Anglo American has been downgraded from a "strong-buy" rating to a "hold" rating by DZ Bank, reflecting a more cautious outlook for the company's stock.
• Analysts' opinions vary, with one rating it a Strong Buy, two as Buy, and five as Hold, leading to an average rating of "Moderate Buy."
• The stock opened at $17.52 and has had a fifty-two week low of $12.70 and a high of $18.74, with significant movements reflected in its 50-day and 200-day simple moving averages.

Anglo American (OTCMKTS:NGLOY - Get Free Report) was downgraded by analysts at DZ Bank from a "strong-buy" rating to a "hold" rating in a research report issued on Thursday,Zacks.com reports.

NGLOY has been the subject of several other reports. Berenberg Bank upgraded Anglo American from a "strong sell" rating to a "hold" rating in a research report on Wednesday, September 10th. Royal Bank Of Canada reissued a "sector perform" rating on shares of Anglo American in a research note on Monday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, Anglo American presently has a consensus rating of "Moderate Buy".

Anglo American Stock Up 0.3%

Shares of OTCMKTS NGLOY traded up $0.06 during mid-day trading on Thursday, hitting $17.52. The company had a trading volume of 292,957 shares, compared to its average volume of 208,145. Anglo American has a 1 year low of $12.70 and a 1 year high of $18.74. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.86 and a quick ratio of 1.29. The stock's 50-day moving average price is $15.07 and its 200-day moving average price is $14.50.

About Anglo American

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.