Anglo American (OTC:NGLOY) has been upgraded from Sector Underperform to Sector Outperform in a report by CIBC World Markets earlier today.
- Updated: September 29, 2016
CIBC World Markets has upgraded Anglo American (OTC:NGLOY) from Sector Underperform to Sector Outperform in a report released on 9/29/2016.
Yesterday Anglo American (OTC:NGLOY) traded 3.58% higher at $6.30. NGLOY’s 50-day average is $5.57 and its two hundred day average is $4.88. With the last close up 30.43% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 380,226 shares of NGLOY traded hands, up from an average trading volume of 146,795
Recent Performance Chart
Anglo American has 52 week low of $1.57 and a 52 week high of $6.39 and has a market cap of $0.
In addition to CIBC World Markets reporting its stock price target, a total of 1 broker has issued a research note on the company. The average stock price target is $2.28 with 0 equity analysts rating the company a strong buy, zero equity analysts rating the company a buy, zero equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and lastly zero brokerages rating the company a sell.
General Company Details For Anglo American (OTC:NGLOY)
Anglo American plc focuses its business on its portfolio of diamonds, platinum group metals and copper. The Company's segments include Platinum; De Beers; Copper; Nickel; Niobium and Phosphates; Iron ore and Manganese; Coal; Corporate, and others. It produces platinum group metals (PGMs), which provides approximately 40% of mined platinum and its operations are located in the Bushveld Complex in South Africa. It owns interests in De Beers, which is a diamond company and its diamond operations are located in approximately four countries, such as Botswana, Canada, Namibia and South Africa. It has interests in approximately two copper operations, which include the Los Bronces mine, which the Company manages and operates, and the Collahuasi mine. Its phosphates business is located in Goiss state. The Company's coal portfolio has metallurgical coal assets in Australia, and thermal coal assets in South Africa, Colombia and Australia.
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