Is Anglo American PLC (ADR) (OTC:AAUKY) Now a Sell? Why did Jefferies & Co Downgrade The Stock?


Anglo American PLC (ADR) (OTC:AAUKY) Receives a Downgrade

Anglo American PLC (ADR) (OTC:AAUKY) was cut by research analysts at Jefferies & Co from their past Hold rating to a Underperform rating in analysts note issued to clients and investors on 9 December.

From a total of 1 analysts covering Anglo American PLC (OTC:AAUKY) stock, 0 rate it a ”Buy”, 1 a “Sell”, and 0 a ”Hold”. This means that 0% of the ratings are positive. Anglo American PLC was the topic of 6 analyst reports since September 14, 2015 according to the firm StockzIntelligence Inc. HSBC downgraded shares on November 25 to “Reduce” rating. Morgan Stanley upgraded AAUKY stock in a recent report from October 7 to “Equal-Weight” rating. Finally, Credit Suisse downgraded the stock to “Neutral” rating in a report issued on a September 22.

Approximately 787,435 shares of stock traded hands or 337.75% up from the average. Anglo American plc (ADR) (OTC:AAUKY) has declined 54.92% since May 6, 2015 and is downtrending. It has underperformed by 54.12% the S&P500.

Is Anglo American PLC (ADR) (OTC:AAUKY) Now a Sell? Why did Jefferies & Co Downgrade The Stock?

Anglo American PLC is a mining company. The company has a market cap of $6.66 billion. The Company’s divisions include Iron Ore and Manganese, which includes iron ore, manganese ore and alloys; Coal, which includes metallurgical coal and thermal coal; Copper, which includes copper; Nickel, which includes nickel; Niobium, which includes niobium; Phosphates, which includes phosphates; Platinum, which includes platinum group metals, and De Beers, which includes rough and polished diamonds. It currently has negative earnings. The Company’s portfolio offers bulk commodities and base metals to precious metals and diamonds (through De Beers).