ANGLO AMER ADR (NGLOY) Upgraded to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of ANGLO AMER ADR (OTCMKTS:NGLOY) from a sell rating to a buy rating in a research report released on Wednesday, August 9th. The brokerage currently has $9.50 target price 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. “

Several other equities research analysts have also commented on the stock. HSBC Holdings plc lowered shares of ANGLO AMER ADR from a buy rating to a hold rating in a report on Friday, July 28th. ValuEngine lowered shares of ANGLO AMER ADR from a strong-buy rating to a buy rating in a report on Friday, June 2nd. Finally, Goldman Sachs Group, Inc. (The) lowered shares of ANGLO AMER ADR from a buy rating to a neutral rating in a report on Tuesday, April 25th. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of $9.00.

ANGLO AMER ADR (OTCMKTS NGLOY) traded up 1.36% during trading on Wednesday, reaching $8.22. 41,438 shares of the company traded hands. The firm has a 50-day moving average price of $7.62 and a 200-day moving average price of $7.38. The company has a market capitalization of $21.26 billion and a P/E ratio of 5.61. ANGLO AMER ADR has a 52 week low of $5.03 and a 52 week high of $8.87.

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The firm also recently announced a None dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, August 11th will be issued a dividend of $0.224 per share. The ex-dividend date is Wednesday, August 9th.

About ANGLO AMER ADR

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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