Zacks Investment Research upgraded shares of Anglo Amer Adr (OTCMKTS:NGLOY) from a hold rating to a buy rating in a research note published on Wednesday morning. The firm currently has $10.00 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. “

NGLOY has been the subject of several other research reports. HSBC Holdings plc lowered Anglo Amer Adr from a buy rating to a hold rating in a report on Friday, July 28th. ValuEngine lowered Anglo Amer Adr from a strong-buy rating to a buy rating in a report on Friday, June 2nd. Eight investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Anglo Amer Adr presently has an average rating of Hold and an average price target of $10.00.

Shares of Anglo Amer Adr (NGLOY) opened at 8.83 on Wednesday. Anglo Amer Adr has a 52 week low of $5.49 and a 52 week high of $9.34. The firm’s 50-day moving average is $8.55 and its 200-day moving average is $7.44. The firm has a market capitalization of $22.83 billion and a P/E ratio of 6.02.

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The company also recently announced a None dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, August 11th will be paid a $0.224 dividend. 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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Analyst Recommendations for Anglo Amer Adr (OTCMKTS:NGLOY)

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