【Ferro-alloys.com】Anglo American (OTCMKTS:NGLOY) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a report issued on Tuesday, Zacks.com reports. The firm currently has a $26.00 price objective on the mining company’s stock. Zacks Investment Research‘s price target would indicate a potential upside of 12.55% from the stock’s previous close.

According to Zacks, “Anglo American PLC is a mining company. Its portfolio includes iron ore, manganese, metallurgical coal, copper, nickel, platinum and diamonds. The company operates primarily in Africa, Europe, North and South America, Asia and Australia. Anglo American PLC is headquartered in London, the United Kingdom. “

A number of other brokerages have also weighed in on NGLOY. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Anglo American in a report on Monday, December 6th. Morgan Stanley lifted their price target on shares of Anglo American to GBX 2,900 ($39.22) in a report on Wednesday, January 19th. Berenberg Bank decreased their price target on shares of Anglo American from GBX 4,100 ($55.44) to GBX 3,700 ($50.03) and set a “buy” rating on the stock in a report on Tuesday, December 14th. Finally, Liberum Capital lowered shares of Anglo American from a “buy” rating to a “hold” rating in a report on Thursday, January 20th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $2,208.67.

Shares of OTCMKTS NGLOY opened at $23.10 on Tuesday. Anglo American has a 1 year low of $16.75 and a 1 year high of $24.75. The firm’s 50 day moving average price is $21.12 and its 200 day moving average price is $20.43. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.46 and a current ratio of 2.06.

• [Editor:zhaozihao]