Anglo American (OTCMKTS:NGLOY) Upgraded at JPMorgan Chase & Co.

Anglo American (OTCMKTS:NGLOY) was upgraded by equities researchers at JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating in a research report issued on Wednesday, Briefing.com reports.

Several other research firms have also commented on NGLOY. Barclays restated an “overweight” rating on shares of Anglo American in a research report on Tuesday, July 7th. Scotiabank began coverage on shares of Anglo American in a research report on Tuesday, September 8th. They issued an “outperform” rating on the stock. Berenberg Bank set a $28.00 price objective on shares of Anglo American and gave the company a “hold” rating in a research report on Thursday, June 18th. Freedom Capital lowered shares of Anglo American from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 16th. Finally, Zacks Research upgraded shares of Anglo American from a “strong sell” rating to a “hold” rating in a research report on Monday, October 5th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $28.00.

Anglo American Price Performance

NGLOY stock opened at $27.48 on Wednesday. The company has a current ratio of 2.21, a quick ratio of 1.78 and a debt-to-equity ratio of 0.68. Anglo American has a 1 year low of $17.49 and a 1 year high of $29.61. The stock’s fifty day moving average is $27.41 and its two-hundred day moving average is $25.80.

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.