CIBC upgraded Anglo American (OTCMKTS:NGLOY) from Sector Underperform to Sector Outperform in a report released today.
- Updated: September 29, 2016
Having a price of $6.15, Anglo American (OTCMKTS:NGLOY) traded 3.58% higher on the day. With the last stock close price up 30.43% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. The company has recorded a 50-day moving average of $5.57 and a 200-day moving average of $4.88. 380,226 shares of NGLOY traded, up from an average trading volume of 146,795
CIBC has upgraded Anglo American (OTCMKTS:NGLOY) from Sector Underperform to Sector Outperform in a report released on Thursday September 29, 2016.
Anglo American has a one year low of $1.57 and a one year high of $6.39 Anglo American’s market capitalization is presently $0.
Also covering Anglo American's target, a total of 1 brokerage has issued a report on the stock. The consensus target price is $2.28 with zero equity analysts rating the company a strong buy, zero brokerages rating the company a buy, zero analysts rating the stock a hold, 0 brokerages rating the company a underperform, and lastly 0 brokers rating the stock a sell.
Brief Synopsis About Anglo American (OTCMKTS: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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