Goldman Sachs Group lowered shares of Anglo American (OTCMKTS:NGLOY) from a conviction-buy rating to a neutral rating in a research report report published on Thursday morning, The Fly reports.
Several other equities analysts have also weighed in on the stock. Clarkson Capital reaffirmed a neutral rating on shares of Anglo American in a report on Monday, September 23rd. Liberum Capital lowered shares of Anglo American from a hold rating to a sell rating in a report on Thursday, August 22nd. Zacks Investment Research raised shares of Anglo American from a hold rating to a buy rating and set a $13.00 target price for the company in a report on Wednesday, October 9th. Finally, ValuEngine lowered shares of Anglo American from a sell rating to a strong sell rating in a report on Thursday, August 1st. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of $13.00.
Shares of NGLOY traded down $0.28 during midday trading on Thursday, hitting $13.43. The stock had a trading volume of 117,979 shares, compared to its average volume of 243,342. Anglo American has a 1 year low of $9.72 and a 1 year high of $14.74. The firm has a market cap of $38.33 billion, a PE ratio of 10.49 and a beta of 0.75. The stock’s 50 day moving average is $12.30 and its 200 day moving average is $12.43.
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.
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