Anglo American (OTCMKTS:NGLOY) Upgraded to “Buy” by Zacks Investment Research

Zacks Investment Research upgraded shares of Anglo American (OTCMKTS:NGLOY) from a hold rating to a buy rating in a research report sent to investors on Wednesday, reports. They currently have $13.00 price objective on the mining company’s stock.

According to Zacks, “Anglo American PLC is a mining company. Its portfolio includes iron ore, manganese, metallurgical coal, copper, nickel, platinum and diamonds. The company operates primarily in Africa, Europe, North and South America, Asia and Australia. Anglo American PLC is headquartered in London, the United Kingdom. “

A number of other equities research analysts have also weighed in on NGLOY. Clarkson Capital reaffirmed a neutral rating on shares of Anglo American in a research report on Monday, September 23rd. Liberum Capital lowered Anglo American from a hold rating to a sell rating in a research report on Thursday, August 22nd. Finally, ValuEngine lowered Anglo American from a sell rating to a strong sell rating in a research report on Thursday, August 1st. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the stock. Anglo American presently has a consensus rating of Buy and a consensus target price of $13.00.

Shares of OTCMKTS NGLOY opened at $11.42 on Wednesday. The business has a fifty day simple moving average of $11.20 and a two-hundred day simple moving average of $12.58. The firm has a market cap of $32.09 billion, a PE ratio of 8.92 and a beta of 0.72. Anglo American has a twelve month low of $9.72 and a twelve month high of $14.74.

About Anglo American

Anglo American plc, together with its subsidiaries, engages in exploring, mining, and processing various metals and minerals worldwide. The company explores for rough and polished diamonds, copper, platinum group metals, metallurgical and thermal coal, and iron; and nickel and manganese ores, as well as alloys.

Further Reading: Why do company’s buyback their stock?

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