Anglo American (OTCMKTS:NGLOY) Upgraded at Goldman Sachs Group

Anglo American (OTCMKTS:NGLOY) was upgraded by stock analysts at Goldman Sachs Group from a “buy” rating to a “conviction-buy” rating in a research report issued to clients and investors on Thursday, April 11th, The Fly reports.

A number of other analysts have also commented on NGLOY. ValuEngine upgraded shares of Anglo American from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Societe Generale lowered shares of Anglo American from a “buy” rating to a “hold” rating in a research note on Wednesday, January 16th. UBS Group downgraded shares of Anglo American from a “neutral” rating to a “sell” rating in a report on Friday, February 8th. Zacks Investment Research raised shares of Anglo American from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a report on Saturday, February 9th. Finally, Deutsche Bank raised shares of Anglo American from a “hold” rating to a “buy” rating in a report on Tuesday, April 2nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $14.00.

Shares of NGLOY stock traded up $0.45 during trading hours on Thursday, reaching $13.18. The company had a trading volume of 88,574 shares, compared to its average volume of 200,342. Anglo American has a one year low of $9.37 and a one year high of $14.74. The firm has a market capitalization of $27.41 billion, a PE ratio of 10.30 and a beta of 0.31. The company has a quick ratio of 1.29, a current ratio of 1.95 and a debt-to-equity ratio of 0.28.

About Anglo American

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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