Anglo American (OTCMKTS:NGLOY) Hits New 1-Year Low – Here’s Why

Anglo American plc (OTCMKTS:NGLOY) shares hit a new 52-week low on Friday . The stock traded as low as $11.49 and last traded at $11.61, with a volume of 288461 shares trading hands. The stock had previously closed at $13.04.

Analysts Set New Price Targets

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

Anglo American Stock Down 11.0 %

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 moving average of $14.86 and a two-hundred day moving average of $15.13.

Anglo American Cuts Dividend

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