Anglo American (OTCMKTS:NGLOY) Upgraded at Berenberg Bank

Key Points

• Berenberg Bank has upgraded Anglo American from a "strong sell" to a "hold" rating, indicating a change in outlook for the company.
• Anglo American's stock has shown a 1.5% increase, opening at $17.40, with a 52-week range between $12.70 and $18.74.
• The stock currently has an average rating of "Moderate Buy," with one analyst rating it a "Strong Buy," two as a "Buy," and four as a "Hold."

Anglo American (OTCMKTS:NGLOY - Get Free Report) was upgraded by Berenberg Bank from a "strong sell" rating to a "hold" rating in a research note issued on Wednesday,Zacks.com reports.

Separately, Royal Bank Of Canada reissued a "sector perform" rating on shares of Anglo American in a research report on Monday, August 4th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy".

Anglo American Stock Up 1.5%

NGLOY stock opened at $17.40 on Wednesday. The stock has a 50-day moving average price of $14.98 and a 200-day moving average price of $14.47. 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.

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.

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