Anglo American (OTCMKTS:NGLOY) Rating Increased to Hold at Royal Bank of Canada

Royal Bank of Canada upgraded shares of Anglo American (OTCMKTS:NGLOY) from a strong sell rating to a hold rating in a research note published on Tuesday morning,Zacks.com reports.

Several other brokerages have also recently issued reports on NGLOY. Jefferies Financial Group upgraded shares of Anglo American from a “hold” rating to a “buy” rating in a research report on Friday, November 29th. Sanford C. Bernstein cut shares of Anglo American from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Citigroup cut shares of Anglo American from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 24th. Finally, Clarkson Capital upgraded shares of Anglo American to a “strong-buy” rating in a research report on Friday, February 28th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Anglo American Trading Up 0.3 %

NGLOY stock opened at $15.38 on Tuesday. The firm’s 50-day moving average price is $15.12 and its two-hundred day moving average price is $15.09. Anglo American has a 12-month low of $11.67 and a 12-month high of $17.60. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.33 and a current ratio of 1.98.

Anglo American Cuts Dividend

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

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.