ANGLO AMER ADR (NGLOY) Upgraded to Buy at Zacks Investment Research
Zacks Investment Research upgraded shares of ANGLO AMER ADR (OTCMKTS:NGLOY) from a hold rating to a buy rating in a research report sent to investors on Tuesday morning. The brokerage currently has $9.00 price objective on the mining company’s stock.
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. “
A number of other research analysts have also recently weighed in on the company. HSBC Holdings plc cut ANGLO AMER ADR from a buy rating to a hold rating in a research report on Friday, July 28th. ValuEngine cut ANGLO AMER ADR from a strong-buy rating to a buy rating in a research report on Friday, June 2nd. Finally, Goldman Sachs Group, Inc. (The) cut ANGLO AMER ADR from a buy rating to a neutral rating in a research report on Tuesday, April 25th. Eight research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. ANGLO AMER ADR presently has an average rating of Hold and an average price target of $9.00.
Shares of ANGLO AMER ADR (OTCMKTS NGLOY) opened at 8.11 on Tuesday. ANGLO AMER ADR has a 12-month low of $5.03 and a 12-month high of $8.87. The stock has a market cap of $20.97 billion and a price-to-earnings ratio of 5.53. The stock’s 50 day moving average is $7.57 and its 200-day moving average is $7.38.
The company also recently declared a None dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, August 11th will be given a $0.224 dividend. The ex-dividend date of this dividend is Wednesday, August 9th.
ANGLO AMER ADR Company Profile
Anglo American plc is a mining company. The Company has a portfolio of mining operations and undeveloped resources with a focus on diamonds, copper, platinum group metals (PGMs), and bulk commodities and other minerals. Its segments include De Beers, Platinum, Copper, Nickel, Niobium and Phosphates, Iron Ore and Manganese, Coal, and Corporate and other.
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