HSBC Holdings plc Downgrades ANGLO AMER ADR (OTCMKTS:NGLOY) to Hold

ANGLO AMER ADR (OTCMKTS:NGLOY) was downgraded by equities researchers at HSBC Holdings plc from a “buy” rating to a “hold” rating in a note issued to investors on Friday.

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A number of other analysts have also recently weighed in on the company. Goldman Sachs Group, Inc. (The) cut ANGLO AMER ADR from a “buy” rating to a “neutral” rating in a research report on Tuesday, April 25th. ValuEngine cut ANGLO AMER ADR from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, Zacks Investment Research raised ANGLO AMER ADR from a “sell” rating to a “hold” rating in a research report on Saturday, April 22nd. Nine equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. ANGLO AMER ADR currently has an average rating of “Hold” and an average price target of $9.25.

Shares of ANGLO AMER ADR (NGLOY) opened at 8.05 on Friday. The stock has a market capitalization of $20.90 billion and a P/E ratio of 5.49. The company’s 50 day moving average price is $6.85 and its 200 day moving average price is $7.37. ANGLO AMER ADR has a one year low of $5.03 and a one year high of $8.87.

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ANGLO AMER ADR Company Profile

Anglo American plc is a mining company. The Company has a portfolio of mining operations and undeveloped resources with a focus on diamonds, copper, platinum group metals (PGMs), and bulk commodities and other minerals. Its segments include De Beers, Platinum, Copper, Nickel, Niobium and Phosphates, Iron Ore and Manganese, Coal, and Corporate and other.