Anglo American (OTCMKTS:NGLOY) Upgraded to "Hold" 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 research analysts at Berenberg Bank from a "strong sell" rating to a "hold" rating in a research report issued on Wednesday,Zacks.com reports.

Separately, Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of Anglo American in a research report on Monday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy".

Anglo American Stock Up 1.0%

Anglo American stock traded up $0.17 during midday trading on Wednesday, reaching $17.69. The stock had a trading volume of 144,045 shares, compared to its average volume of 207,512. Anglo American has a 12 month low of $12.70 and a 12 month high of $18.74. The company has a fifty day moving average price of $15.12 and a two-hundred day moving average price of $14.52. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.29 and a current ratio of 1.86.

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.