ANGLO AMER ADR (NGLOY) Raised to “Buy” at Zacks Investment Research
ANGLO AMER ADR (OTCMKTS:NGLOY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Wednesday. The brokerage currently has a $10.00 target price on the mining company’s stock. Zacks Investment Research‘s price objective indicates a potential upside of 10.50% from the stock’s current price.
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. “
NGLOY has been the topic of several other research reports. ValuEngine cut ANGLO AMER ADR from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 2nd. HSBC Holdings plc cut ANGLO AMER ADR from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Eight investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $10.00.
ANGLO AMER ADR (OTCMKTS NGLOY) traded down 3.10% on Wednesday, hitting $9.05. The stock had a trading volume of 126,212 shares. The stock’s 50-day moving average is $8.33 and its 200 day moving average is $7.41. The firm has a market capitalization of $23.40 billion and a price-to-earnings ratio of 6.17. ANGLO AMER ADR has a 1-year low of $5.09 and a 1-year high of $9.34.
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About ANGLO AMER ADR
Anglo American plc is a mining company. The Company has a portfolio of mining operations and undeveloped resources with a focus on diamonds, copper, platinum group metals (PGMs), and bulk commodities and other minerals. Its segments include De Beers, Platinum, Copper, Nickel, Niobium and Phosphates, Iron Ore and Manganese, Coal, and Corporate and other.
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