Anglo American (OTCMKTS:NGLOY) Sets New 1-Year Low – What’s Next?

Anglo American plc (OTCMKTS:NGLOY)’s stock price reached a new 52-week low on Thursday . The stock traded as low as $11.18 and last traded at $12.35, with a volume of 1023866 shares trading hands. The stock had previously closed at $11.52.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on NGLOY shares. Royal Bank of Canada upgraded shares of Anglo American from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 18th. Clarkson Capital raised shares of Anglo American to a “strong-buy” rating in a report on Friday, February 28th. Citigroup lowered Anglo American from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 24th. Finally, Sanford C. Bernstein cut shares of Anglo American from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Anglo American has an average rating of “Moderate Buy”.

Anglo American Trading Up 7.2 %

The company has a fifty day moving average of $14.57 and a 200-day moving average of $15.05. The company has a quick ratio of 1.33, a current ratio of 1.98 and a debt-to-equity ratio of 0.56.

Anglo American Cuts Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, May 14th. Shareholders of record on Friday, March 14th will be given a $0.11 dividend. The ex-dividend date is Friday, March 14th.

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.