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.

ILLEGAL ACTIVITY WARNING: This article was posted by Daily Political and is owned by of Daily Political. If you are viewing this article on another site, it was illegally copied and reposted in violation of US & international trademark & copyright law. The correct version of this article can be viewed at https://www.dailypolitical.com/2017/09/16/anglo-amer-adr-ngloy-upgraded-by-zacks-investment-research-to-buy.html.

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.

Get a free copy of the Zacks research report on Anglo Amer Adr (NGLOY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Anglo Amer Adr (OTCMKTS:NGLOY)

Receive News & Ratings for Anglo Amer Adr Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Anglo Amer Adr and related companies with MarketBeat.com's FREE daily email newsletter.