Jefferies Financial Group Upgrades Anglo American (OTCMKTS:NGLOY) to Buy

Anglo American (OTCMKTS:NGLOY) was upgraded by Jefferies Financial Group from a “hold” rating to a “buy” rating in a note issued to investors on Friday,Briefing.com Automated Import reports.

Several other research firms have also commented on NGLOY. Berenberg Bank lowered Anglo American from a “hold” rating to a “strong sell” rating in a research report on Friday, October 25th. Citigroup raised Anglo American to a “strong-buy” rating in a research report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, two have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Anglo American has a consensus rating of “Moderate Buy”.

Anglo American Stock Up 2.8 %

Shares of NGLOY opened at $15.17 on Friday. The company has a quick ratio of 1.33, a current ratio of 1.98 and a debt-to-equity ratio of 0.56. The stock’s fifty day simple moving average is $15.30 and its 200 day simple moving average is $15.14. Anglo American has a twelve month low of $10.37 and a twelve month 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.