Anglo American (NGLOY) Upgraded to “Buy” by HSBC
HSBC upgraded shares of Anglo American (OTCMKTS:NGLOY) from a hold rating to a buy rating in a research note issued to investors on Wednesday morning, The Fly reports.
NGLOY has been the topic of a number of other reports. Zacks Investment Research downgraded shares of Anglo American from a strong-buy rating to a hold rating in a research note on Wednesday, August 1st. ValuEngine downgraded shares of Anglo American from a buy rating to a hold rating in a research note on Wednesday, June 20th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of Buy and an average price target of $12.00.
Shares of NGLOY opened at $9.70 on Wednesday. The firm has a market cap of $19.96 billion, a price-to-earnings ratio of 7.52 and a beta of 0.62. Anglo American has a 1-year low of $8.67 and a 1-year high of $13.13. The company has a quick ratio of 1.38, a current ratio of 1.99 and a debt-to-equity ratio of 0.37.
Anglo American plc, together with its subsidiaries, engages in exploring, mining, and processing various metals and minerals worldwide. The company explores for rough and polished diamonds, copper, platinum group metals, metallurgical and thermal coal, and nickel; and iron and manganese ores, as well as alloys.
See Also: Outstanding Shares
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