Anglo American (OTCMKTS:NGLOY) Trading Down 2.2% - Should You Sell?

Anglo American plc (OTCMKTS:NGLOY - Get Free Report)'s stock price was down 2.2% during mid-day trading on Wednesday . The company traded as low as $14.47 and last traded at $14.57. Approximately 110,463 shares traded hands during mid-day trading, a decline of 56% from the average daily volume of 251,561 shares. The stock had previously closed at $14.90.

Analysts Set New Price Targets

Several research firms have recently weighed in on NGLOY. Clarkson Capital raised Anglo American to a "strong-buy" rating in a research report on Friday, February 28th. Barclays reaffirmed an "overweight" rating on shares of Anglo American in a research report on Wednesday, April 16th. Finally, Royal Bank of Canada raised Anglo American from a "strong sell" rating to a "hold" rating in a research report on Tuesday, March 18th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy".

Anglo American Stock Down 3.0%

The firm has a 50-day moving average of $13.74 and a 200 day moving average of $14.64. The company has a current ratio of 1.98, a quick ratio of 1.33 and a debt-to-equity ratio of 0.56.

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.