Anglo American (OTCMKTS:NGLOY) Upgraded at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Anglo American (OTCMKTS:NGLOY) from an underweight rating to a neutral rating in a research report report published on Wednesday, Marketbeat Ratings reports.

A number of other equities research analysts have also recently commented on the company. Freedom Capital cut Anglo American from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 16th. Zacks Research raised Anglo American from a “strong sell” rating to a “hold” rating in a research report on Monday, October 5th. Barclays reaffirmed an “overweight” rating on shares of Anglo American in a research report on Tuesday, July 7th. Berenberg Bank set a $28.00 target price on Anglo American and gave the stock a “hold” rating in a report on Thursday, June 18th. Finally, Scotiabank began coverage on shares of Anglo American in a research report on Tuesday, September 8th. They issued an “outperform” rating for the company. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $28.00.

Anglo American Price Performance

NGLOY stock opened at $26.62 on Wednesday. The stock’s 50 day simple moving average is $27.39 and its 200 day simple moving average is $25.90. Anglo American has a fifty-two week low of $17.49 and a fifty-two week high of $29.61. The company has a quick ratio of 1.78, a current ratio of 2.21 and a debt-to-equity ratio of 0.68.

About Anglo American

Anglo American plc is a global mining company headquartered in London, United Kingdom. The company explores for, develops and produces a range of metals and minerals used in construction, manufacturing, transportation, energy and consumer products. Its principal commodities include copper, premium iron ore, platinum-group metals and diamonds.

Anglo American’s copper business has operations in South America, while its iron ore activities include production in South Africa and Brazil. The company’s platinum-group-metals operations are concentrated in southern Africa, and its diamond business operates through De Beers, which mines, sorts, sells and markets rough and polished diamonds.