Anglo American (NGLOY) Stock Rating Upgraded by Goldman Sachs Group
Anglo American (OTCMKTS:NGLOY) was upgraded by analysts at Goldman Sachs Group from a “neutral” rating to a “conviction-buy” rating in a research report issued on Wednesday, The Fly reports.
NGLOY has been the subject of a number of other research reports. ValuEngine upgraded shares of Anglo American from a “buy” rating to a “strong-buy” rating in a research note on Monday, February 5th. Zacks Investment Research lowered shares of Anglo American from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 27th. Morgan Stanley raised shares of Anglo American from an “equal weight” rating to an “overweight” rating in a research report on Thursday, January 11th. Investec raised shares of Anglo American from a “hold” rating to a “buy” rating in a research report on Friday, March 9th. Finally, Macquarie raised shares of Anglo American from a “neutral” rating to an “outperform” rating in a research report on Tuesday, January 23rd. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $10.00.
Shares of Anglo American (OTCMKTS:NGLOY) opened at $12.11 on Wednesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.39 and a current ratio of 1.98. Anglo American has a 12 month low of $5.95 and a 12 month high of $13.13.
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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