Anglo Amer Adr (OTCMKTS:NGLOY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Wednesday. The brokerage presently has a $10.00 price target on the mining company’s stock. Zacks Investment Research‘s price objective would suggest a potential upside of 8.34% from the company’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 subject 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 research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $10.00.
Anglo Amer Adr (NGLOY) opened at 9.23 on Wednesday. The firm has a market capitalization of $23.87 billion and a price-to-earnings ratio of 6.29. Anglo Amer Adr has a 12 month low of $5.09 and a 12 month high of $9.34. The stock’s 50 day moving average price is $8.40 and its 200-day moving average price is $7.41.
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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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