Morgan Stanley Downgrades Anglo American (OTCMKTS:NGLOY) to Equal Weight

Morgan Stanley lowered shares of Anglo American (OTCMKTS:NGLOY) from an overweight rating to an equal weight rating in a research report released on Friday, The Fly reports.

A number of other equities analysts have also recently issued reports on the stock. Barclays reissued an overweight rating on shares of Anglo American in a research report on Tuesday. Deutsche Bank Aktiengesellschaft reiterated a buy rating on shares of Anglo American in a report on Thursday. JPMorgan Chase & Co. restated a neutral rating on shares of Anglo American in a report on Monday, September 13th. Berenberg Bank set a $20.09 price target on shares of Anglo American and gave the company a buy rating in a research report on Friday, July 23rd. Finally, Sanford C. Bernstein upgraded shares of Anglo American from a market perform rating to an outperform rating in a research note on Friday, July 2nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of Hold and an average price target of $22.55.

Shares of OTCMKTS NGLOY opened at $18.06 on Friday. The company has a quick ratio of 1.27, a current ratio of 1.93 and a debt-to-equity ratio of 0.38. The firm has a market cap of $45.15 billion, a PE ratio of 14.45 and a beta of 1.05. The company’s fifty day simple moving average is $21.46 and its 200 day simple moving average is $21.44. Anglo American has a 12-month low of $11.47 and a 12-month high of $24.75.

The business also recently announced a dividend, which will be paid on Friday, October 1st. Investors of record on Friday, August 20th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, August 19th. This represents a dividend yield of 2.11%. Anglo American’s payout ratio is 134.40%.

Anglo American Company Profile

Anglo American Plc is a mining company, which engages in the exploration and mining of precious base metals and ferrous metals. The company operates through the following segments: De Beers, Copper, Platinum Group Metals, Iron Ore, Coal, Nickel and Manganese, and Corporate and Other. The company was founded by Ernest Oppenheimer in 1917 and is headquartered in London, the United Kingdom.

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