Zacks Investment Research Downgrades Anglo Amer Adr (NGLOY) to Hold

Anglo Amer Adr (OTCMKTS:NGLOY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Tuesday.

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 equities research analysts have also commented on NGLOY. ValuEngine lowered Anglo Amer Adr from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 2nd. HSBC Holdings plc lowered Anglo Amer Adr from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Eight equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $10.00.

Anglo Amer Adr (OTCMKTS NGLOY) opened at 8.88 on Tuesday. The firm has a market cap of $22.96 billion and a price-to-earnings ratio of 6.06. Anglo Amer Adr has a 1-year low of $5.21 and a 1-year high of $9.34. The firm has a 50-day moving average price of $8.49 and a 200 day moving average price of $7.43.

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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.

Analyst Recommendations for Anglo Amer Adr (OTCMKTS:NGLOY)

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