Anglo American (NGLOY) Raised to Buy at Zacks Investment Research
Anglo American (OTCMKTS:NGLOY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Wednesday. The brokerage presently has a $13.00 target price on the mining company’s stock. Zacks Investment Research‘s price target points to a potential upside of 13.09% 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. “
Several other brokerages also recently commented on NGLOY. ValuEngine downgraded Anglo American from a “buy” rating to a “hold” rating in a research note on Wednesday, June 20th. HSBC upgraded Anglo American from a “hold” rating to a “buy” rating in a report on Wednesday, September 12th. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Anglo American presently has a consensus rating of “Buy” and an average price target of $13.00.
Anglo American Company Profile
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 nickel; and iron and manganese ores, as well as alloys.
Featured Story: How is the S&P 500 index different from the DJIA?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Anglo American Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Anglo American and related companies with MarketBeat.com's FREE daily email newsletter.