Anglo American (OTCMKTS:NGLOY) Sets New 52-Week Low – Time to Sell?

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

Analysts Set New Price Targets

NGLOY has been the subject of a number of analyst reports. Sanford C. Bernstein cut Anglo American from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Clarkson Capital upgraded shares of Anglo American to a “strong-buy” rating in a research note on Friday, February 28th. 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. Finally, Citigroup downgraded shares of Anglo American from a “strong-buy” rating to a “hold” rating in a report on Friday, January 24th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Anglo American Stock Down 11.0 %

The firm’s fifty day simple moving average is $14.86 and its 200 day simple moving average is $15.13. The company has a current ratio of 1.98, a quick ratio of 1.33 and a debt-to-equity ratio of 0.56.

Anglo American Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, May 14th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend 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.