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

Zacks Research upgraded shares of Anglo American (OTCMKTS:NGLOY) from a strong sell rating to a hold rating in a research report released on Monday morning,Zacks reports.

A number of other brokerages have also recently commented on NGLOY. Barclays reiterated an “overweight” rating on shares of Anglo American in a research note on Tuesday, July 7th. Scotiabank started coverage on Anglo American in a research note on Tuesday, September 8th. They set an “outperform” rating for the company. Freedom Capital downgraded Anglo American from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 16th. Finally, Berenberg Bank set a $28.00 price target on Anglo American and gave the company a “hold” rating in a research note on Thursday, June 18th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $28.00.

Anglo American Stock Performance

Shares of NGLOY opened at $27.39 on Monday. Anglo American has a one year low of $17.49 and a one year high of $29.61. The firm has a 50 day simple moving average of $27.21 and a two-hundred day simple moving average of $25.55.

About Anglo American

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.