Anglo American (OTCMKTS:NGLOY) Upgraded to Overweight at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Anglo American (OTCMKTS:NGLOY – Get Rating) from a neutral rating to an overweight rating in a report issued on Monday morning, The Fly reports.

NGLOY has been the subject of a number of other reports. Clarkson Capital restated a neutral rating on shares of Anglo American in a research note on Monday, June 20th. Liberum Capital lowered Anglo American from a buy rating to a hold rating in a research report on Wednesday, May 4th. BMO Capital Markets reduced their price target on Anglo American from GBX 4,600 ($56.37) to GBX 4,200 ($51.46) in a research report on Tuesday, April 26th. Royal Bank of Canada upgraded Anglo American from a sector perform rating to an outperform rating in a research report on Friday. Finally, Investec lowered Anglo American from a buy rating to a hold rating in a research report on Thursday, July 7th. One analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of Hold and a consensus price target of $3,793.75.

Anglo American Price Performance

Shares of NGLOY opened at $17.31 on Monday. The stock has a fifty day moving average price of $19.60 and a 200 day moving average price of $22.54. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.29 and a current ratio of 1.79. Anglo American has a 12 month low of $14.76 and a 12 month high of $27.80.

Anglo American Company Profile

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Anglo American plc operates as a mining company worldwide. The company explores for rough and polished diamonds, copper, platinum group metals, metallurgical and thermal coal, and iron ore; and nickel, polyhalite, and manganese ores, as well as alloys. Anglo American plc was founded in 1917 and is headquartered in London, the United Kingdom.

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