Anglo American (OTCMKTS:NGLOY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, Zacks.com reports.

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. “

Several other brokerages have also recently issued reports on NGLOY. Credit Suisse Group raised Anglo American from a “neutral” rating to an “outperform” rating in a research report on Friday, May 3rd. Goldman Sachs Group raised Anglo American from a “buy” rating to a “conviction-buy” rating in a research report on Thursday, April 11th. Deutsche Bank raised Anglo American from a “hold” rating to a “buy” rating in a research report on Tuesday, April 2nd. Societe Generale raised Anglo American from a “hold” rating to a “buy” rating in a research report on Wednesday, May 22nd. Finally, Liberum Capital raised Anglo American from a “sell” rating to a “buy” rating in a research report on Friday, May 17th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $14.00.

OTCMKTS NGLOY opened at $13.18 on Wednesday. Anglo American has a one year low of $9.37 and a one year high of $14.74. The stock has a market capitalization of $27.54 billion, a P/E ratio of 10.30 and a beta of 0.47. The company has a quick ratio of 1.29, a current ratio of 1.95 and a debt-to-equity ratio of 0.28.

Anglo American Company Profile

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 iron; and nickel and manganese ores, as well as alloys.

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