Anglo American (OTCMKTS:NGLOY) Hits New 12-Month Low – Here’s Why

Anglo American plc (OTCMKTS:NGLOYGet Free Report) hit 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 changing hands. The stock had previously closed at $11.52.

Analyst Ratings Changes

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

Read Our Latest Report on NGLOY

Anglo American Stock Performance

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 firm has a fifty day simple moving average of $14.49 and a two-hundred day simple moving average of $15.01.

Anglo American Cuts Dividend

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

About Anglo American

(Get Free Report)

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.

Further Reading

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