UBS Group upgraded shares of Anglo American (OTCMKTS:NGLOY – Free Report) 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.
Get Our Latest Stock Report on NGLOY
Anglo American Stock Up 5.6 %
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.
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