Anglo American Upgraded by Jefferies Financial Group

Jefferies Financial Group has recently upgraded its rating for the shares of Anglo American (OTCMKTS:NGLOY) from a hold to a buy. This announcement was made in a research note published on Friday, as reported by MarketBeat.

In addition to Jefferies' upgrade, other analysts have also commented on Anglo American's stock recently. For example, Citigroup recently increased its rating for the company to a "strong-buy" in a report released on October 9th. On the other hand, Berenberg Bank downgraded Anglo American from a "hold" rating to a "strong sell" in a report published on October 25th. Overall, the stock has received mixed feedback from analysts: one has given it a sell rating, two have assigned a hold rating, three have issued a buy rating, and one analyst has labeled it a strong buy. According to MarketBeat, Anglo American currently holds an average rating of "Moderate Buy."

Performance of Anglo American Stock

As for the performance of NGLOY stock, it opened at $16.06 on Friday and has experienced a movement of 5.9% upwards. Over the past 52 weeks, the stock has reached a low of $10.37 and a high of $17.60. In terms of financial metrics, the company has a debt-to-equity ratio of 0.56, a current ratio of 1.98, and a quick ratio of 1.33. The company's 50-day and 200-day simple moving averages are $15.34 and $15.12, respectively.

Overview of Anglo American

Anglo American plc is a global mining company with operations both in the United Kingdom and internationally. The company is involved in the exploration and production of various minerals, including diamonds, copper, platinum group metals, nickel, steelmaking coal, iron ore, and several other important resources. Founded in 1917, Anglo American is headquartered in London, UK.

Anglo, American, Investment