Zacks Research Upgrades Anglo American (OTCMKTS:NGLOY) to “Hold”

Anglo American (OTCMKTS:NGLOY) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Monday, Zacks reports.

Other research analysts have also recently issued reports about the stock. Freedom Capital cut shares of Anglo American from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 16th. Barclays reaffirmed an “overweight” rating on shares of Anglo American in a report on Tuesday, July 7th. Berenberg Bank set a $28.00 price target on Anglo American and gave the company a “hold” rating in a report on Thursday, June 18th. Finally, Scotiabank started coverage on shares of Anglo American in a research note on Tuesday, September 8th. They issued an “outperform” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $28.00.

Anglo American Trading Down 1.0%

OTCMKTS:NGLOY opened at $27.39 on Monday. Anglo American has a 52 week low of $17.49 and a 52 week high of $29.61. The firm has a 50-day moving average price of $27.21 and a two-hundred day moving average price of $25.55.

Anglo American Company Profile

Anglo American plc is a global mining company headquartered in London, United Kingdom. The company explores for, develops and produces a range of metals and minerals used in construction, manufacturing, transportation, energy and consumer products. Its principal commodities include copper, premium iron ore, platinum-group metals and diamonds.

Anglo American’s copper business has operations in South America, while its iron ore activities include production in South Africa and Brazil. The company’s platinum-group-metals operations are concentrated in southern Africa, and its diamond business operates through De Beers, which mines, sorts, sells and markets rough and polished diamonds.