Anglo American (OTCMKTS:NGLOY) Upgraded 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.

Several other equities research analysts also recently issued reports on the company. Scotiabank started coverage on Anglo American in a report on Tuesday, September 8th. They set an “outperform” rating for the company. Berenberg Bank set a $28.00 price objective on shares of Anglo American and gave the company a “hold” rating in a report on Thursday, June 18th. Barclays reissued an “overweight” rating on shares of Anglo American in a research report on Tuesday, July 7th. Finally, Freedom Capital cut shares of Anglo American from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 16th. One equities 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 issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Anglo American has an average rating of “Moderate Buy” and an average price target of $28.00.

Anglo American Trading Down 2.4%

Shares of OTCMKTS NGLOY opened at $26.73 on Monday. Anglo American has a 12 month low of $17.49 and a 12 month high of $29.61. The stock has a 50 day moving average of $27.26 and a 200-day moving average of $25.60.

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.