Zacks Investment Research cut shares of Anglo American (OTCMKTS:NGLOY) from a strong-buy rating to a hold rating in a report published on Wednesday morning, Zacks.com reports.

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. “

NGLOY has been the subject of several other research reports. BNP Paribas cut shares of Anglo American from a neutral rating to an underperform rating in a report on Wednesday, December 18th. Goldman Sachs Group cut shares of Anglo American from a conviction-buy rating to a neutral rating in a report on Thursday, November 7th. JPMorgan Chase & Co. upgraded shares of Anglo American from a neutral rating to an overweight rating in a report on Tuesday, December 17th. Societe Generale cut shares of Anglo American from a buy rating to a hold rating in a report on Monday, December 16th. Finally, ValuEngine upgraded shares of Anglo American from a strong sell rating to a sell rating in a report on Tuesday, January 28th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of $17.00.

Anglo American stock opened at $13.61 on Wednesday. Anglo American has a twelve month low of $10.07 and a twelve month high of $14.81. The company has a 50 day moving average of $13.99 and a 200-day moving average of $12.75.

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 iron; and nickel and manganese ores, as well as alloys.

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Analyst Recommendations for Anglo American (OTCMKTS:NGLOY)

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