Anglo American (OTCMKTS:NGLOY) Upgraded to Buy by UBS Group

Anglo American (OTCMKTS:NGLOY) was upgraded by analysts at UBS Group from a “neutral” rating to a “buy” rating in a note issued to investors on Friday, Briefing.com reports.

Several other analysts have also recently issued reports on NGLOY. Jefferies Financial Group cut Anglo American from a “buy” rating to a “hold” rating in a report on Wednesday, May 29th. BNP Paribas raised Anglo American from a “neutral” rating to an “outperform” rating in a report on Friday, June 21st. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $2,733.33.

Anglo American Stock Up 2.7 %

Shares of NGLOY opened at $14.52 on Friday. Anglo American has a 1 year low of $10.37 and a 1 year high of $17.60. The business’s 50 day simple moving average is $15.54 and its 200-day simple moving average is $13.75. The company has a quick ratio of 1.17, a current ratio of 1.85 and a debt-to-equity ratio of 0.48.

Anglo American Company Profile

Anglo American plc operates as a mining company in the United Kingdom and internationally. It explores for rough and polished diamonds, copper, platinum group metals and nickel, steelmaking coal, and iron ore; and nickel, polyhalite, and manganese ores. Anglo American plc was founded in 1917 and is headquartered in London, the United Kingdom.