Anglo American (OTCMKTS:NGLOY) Downgraded to Strong Sell Rating by Royal Bank of Canada

Anglo American (OTCMKTS:NGLOY) was downgraded by Royal Bank of Canada from a “hold” rating to a “strong sell” rating in a research report issued on Wednesday,Zacks.com reports.

NGLOY has been the topic of several other reports. Citigroup upgraded Anglo American to a “strong-buy” rating in a report on Wednesday, October 9th. Berenberg Bank downgraded Anglo American from a “hold” rating to a “strong sell” rating in a research report on Friday, October 25th. Finally, Jefferies Financial Group upgraded Anglo American from a “hold” rating to a “buy” rating in a report on Friday, November 29th. Two research analysts have rated the stock with a sell rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Anglo American Price Performance

NGLOY opened at $15.16 on Wednesday. The company has a current ratio of 1.98, a quick ratio of 1.33 and a debt-to-equity ratio of 0.56. The firm has a fifty day moving average price of $15.12 and a 200 day moving average price of $14.97. Anglo American has a 1 year low of $10.69 and a 1 year high of $17.60.

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.