JPMorgan Chase & Co. Trims Anglo American (OTCMKTS:NGLOY) Target Price to GBX 3,350

Anglo American (OTCMKTS:NGLOY – Get Rating) had its target price lowered by JPMorgan Chase & Co. from GBX 3,550 ($44.47) to GBX 3,350 ($41.96) in a research note issued to investors on Monday, The Fly reports.

Other equities analysts have also issued reports about the company. Credit Suisse Group increased their price target on Anglo American from GBX 2,950 ($36.95) to GBX 3,050 ($38.21) in a research note on Wednesday, April 26th. Barclays raised Anglo American from an equal weight rating to an overweight rating in a research note on Monday, April 3rd. Berenberg Bank dropped their price target on Anglo American from GBX 3,600 ($45.10) to GBX 3,300 ($41.34) in a research note on Thursday, March 30th. Morgan Stanley raised Anglo American from an underweight rating to an equal weight rating in a research note on Thursday, March 30th. Finally, Bank of America raised Anglo American from a neutral rating to a buy rating in a research note on Monday, March 20th. Nine investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of Hold and an average price target of $3,220.00.

Anglo American Stock Performance

OTCMKTS:NGLOY opened at $14.87 on Monday. The company has a current ratio of 1.90, a quick ratio of 1.27 and a debt-to-equity ratio of 0.38. Anglo American has a 12-month low of $13.72 and a 12-month high of $25.73. The stock has a 50-day moving average price of $15.97 and a 200 day moving average price of $18.29.

Anglo American Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, May 5th. Stockholders of record on Friday, March 17th were paid a $0.351 dividend. This represents a dividend yield of 5.68%. The ex-dividend date was Thursday, March 16th.

About Anglo American

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Anglo American Plc is a mining company, which engages in the exploration and mining of precious base metals and ferrous metals. The company operates through the following segments: De Beers, Copper, Platinum Group Metals, Iron Ore, Coal, Nickel and Manganese, and Corporate and Other. The company was founded by Ernest Oppenheimer in 1917 and is headquartered in London, the United Kingdom.