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Anglo American (OTCMKTS:NGLOY) Shares Gap Down - Here's Why

Anglo American logo with Basic Materials background

Anglo American (OTCMKTS:NGLOY - Get Free Report)'s share price gapped down prior to trading on Wednesday . The stock had previously closed at $15.29, but opened at $14.83. Anglo American shares last traded at $14.79, with a volume of 10,455 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Royal Bank Of Canada raised Anglo American from a "strong sell" rating to a "hold" rating in a research note on Tuesday, March 18th. Barclays reaffirmed an "overweight" rating on shares of Anglo American in a research report on Wednesday, April 16th. One analyst has rated the stock with a sell rating, three have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy".

Get Our Latest Stock Analysis on NGLOY

Anglo American Stock Performance

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 company has a 50-day moving average of $14.46 and a 200-day moving average of $14.51.

About Anglo American

(Get Free Report)

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.

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