Anglo American (OTCMKTS:NGLOY – Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $25.45, but opened at $23.44. Anglo American shares last traded at $23.52, with a volume of 46,276 shares trading hands.
Analysts Set New Price Targets
Several brokerages recently issued reports on NGLOY. Zacks Research raised shares of Anglo American from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 2nd. Barclays reiterated an “overweight” rating on shares of Anglo American in a report on Tuesday. Oddo Bhf upgraded Anglo American to an “outperform” rating in a research report on Wednesday, April 15th. Berenberg Bank set a $28.00 target price on shares of Anglo American and gave the stock a “hold” rating in a research report on Thursday, June 18th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Anglo American in a report on Friday, May 15th. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $28.00.
Get Our Latest Research Report on NGLOY
Anglo American Stock Performance
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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