Anglo American (OTCMKTS:NGLOY) Upgraded at DZ Bank

DZ Bank upgraded shares of Anglo American (OTCMKTS:NGLOY) from a hold rating to a strong-buy rating in a research note published on Wednesday,Zacks.com reports.

Several other research firms have also recently weighed in on NGLOY. Citigroup raised shares of Anglo American from a “neutral” rating to a “buy” rating in a research note on Monday, February 2nd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Anglo American in a research note on Monday. Finally, Barclays restated an “overweight” rating on shares of Anglo American in a research note on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Anglo American has an average rating of “Buy” and an average price target of $20.00.

Anglo American Trading Down 1.0%

OTCMKTS:NGLOY opened at $25.00 on Wednesday. Anglo American has a 52-week low of $12.70 and a 52-week high of $26.04. The company has a quick ratio of 1.65, a current ratio of 2.11 and a debt-to-equity ratio of 0.59. The stock’s 50-day simple moving average is $22.91 and its 200 day simple moving average is $19.65.

Anglo American Company Profile

Anglo American plc is a multinational mining company headquartered in London that explores for, mines, processes and markets a broad range of commodities. Its principal activities cover the extraction and processing of bulk and specialty metals and minerals, including copper, iron ore, platinum group metals (PGMs), diamonds, nickel and both metallurgical and thermal coal. Anglo American’s operations span the full value chain from greenfield exploration and mine development through to mineral processing, smelting, refining and the sale of mined products to industrial and consumer markets worldwide.

The company has a long history in the mining industry, having been established in the early 20th century and grown into one of the world’s major mining groups.