Shares of Anglo American (OTCMKTS:NGLOY – Get Free Report) have been given a consensus recommendation of “Moderate Buy” by the nine research firms that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $28.00.
A number of research firms have recently weighed in on NGLOY. Zacks Research downgraded Anglo American from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 31st. Berenberg Bank set a $28.00 price target on Anglo American and gave the company a “hold” rating in a report on Thursday, June 18th. Barclays reissued an “overweight” rating on shares of Anglo American in a report on Tuesday, July 7th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Anglo American in a research note on Friday, May 15th. Finally, Freedom Capital lowered shares of Anglo American from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 16th.
Get Our Latest Report on Anglo American
Anglo American Trading Up 0.4%
Institutional Inflows and Outflows
An institutional investor recently bought a new stake in Anglo American stock. Foster & Motley Inc. purchased a new stake in Anglo American (OTCMKTS:NGLOY – Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 4,309 shares of the mining company’s stock, valued at approximately $1,207,000. Institutional investors and hedge funds own 0.03% of the company’s stock.
About Anglo American
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.
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