Morgan Stanley upgraded shares of Anglo American (OTCMKTS:NGLOY) from an equal weight rating to an overweight rating in a report released on Thursday morning, The Fly reports.
Several other equities analysts have also recently weighed in on the company. Deutsche Bank raised Anglo American from a sell rating to a hold rating in a report on Friday, December 1st. raised Anglo American from a hold rating to a buy rating in a report on Tuesday, October 3rd. ValuEngine raised Anglo American from a hold rating to a buy rating in a report on Wednesday, November 15th. Zacks Investment Research cut Anglo American from a strong-buy rating to a hold rating in a report on Wednesday, December 27th. Finally, Jefferies Group raised Anglo American from a hold rating to a buy rating in a report on Friday, January 5th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. Anglo American presently has an average rating of Hold and a consensus price target of $10.00.
Anglo American (NGLOY) opened at $12.16 on Thursday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.98 and a quick ratio of 1.39. Anglo American has a fifty-two week low of $5.95 and a fifty-two week high of $12.17.
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Anglo American Company Profile
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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