Anglo American (OTCMKTS:NGLOY) Upgraded to “Buy” at UBS Group

UBS Group upgraded shares of Anglo American (OTCMKTS:NGLOY) from a neutral rating to a buy rating in a report released on Friday morning, MarketBeat Ratings reports.

A number of other analysts have also issued reports on NGLOY. Jefferies Financial Group lowered Anglo American from a buy rating to a hold rating in a report on Wednesday, May 29th. BNP Paribas upgraded Anglo American from a neutral rating to an outperform rating in a report on Friday, June 21st. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average target price of $2,733.33.

Anglo American Stock Up 5.6 %

Shares of OTCMKTS NGLOY opened at $15.33 on Friday. The stock has a fifty day moving average price of $15.51 and a two-hundred day moving average price of $13.81. The company has a quick ratio of 1.17, a current ratio of 1.85 and a debt-to-equity ratio of 0.48. Anglo American has a 1 year low of $10.37 and a 1 year high of $17.60.

Anglo American Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, October 4th. Shareholders of record on Friday, August 16th will be issued a dividend of $0.194 per share. The ex-dividend date of this dividend is Friday, August 16th. This is a positive change from Anglo American’s previous dividend of $0.18.

About Anglo American

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