Anglo American (OTCMKTS:NGLOY) Shares Gap Down – Here’s What Happened

Anglo American (OTCMKTS:NGLOY)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $27.64, but opened at $25.94. Anglo American shares last traded at $25.94, with a volume of 41,925 shares traded.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. JPMorgan Chase & Co. lowered Anglo American from a “neutral” rating to an “underweight” rating in a report on Monday, March 9th. Barclays restated an “overweight” rating on shares of Anglo American in a report on Wednesday, February 25th. Oddo Bhf upgraded Anglo American to an “outperform” rating in a report on Wednesday, April 15th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Anglo American in a report on Friday, May 15th. Finally, DZ Bank raised shares of Anglo American from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 25th. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $20.00.

Anglo American Stock Up 1.3%

The firm’s 50 day moving average is $24.92 and its 200 day moving average is $22.78. The company has a current ratio of 1.98, a quick ratio of 1.54 and a debt-to-equity ratio of 0.60.

Anglo American Company Profile

Anglo American plc is a multinational mining company headquartered in London that explores for, mines, processes and markets a broad range of commodities. Its principal activities cover the extraction and processing of bulk and specialty metals and minerals, including copper, iron ore, platinum group metals (PGMs), diamonds, nickel and both metallurgical and thermal coal. Anglo American’s operations span the full value chain from greenfield exploration and mine development through to mineral processing, smelting, refining and the sale of mined products to industrial and consumer markets worldwide.

The company has a long history in the mining industry, having been established in the early 20th century and grown into one of the world’s major mining groups.