Anglo American plc (NGLOY) Upgraded by CIBC to “Sector Outperform”

Anglo American plc (OTC:NGLOY) was upgraded by equities research analysts at CIBC from a “sector underperform” rating to a “sector outperform” rating in a report released on Thursday, reports.

A number of other equities analysts have also recently issued reports on the company. Macquarie upgraded Anglo American plc from an “underperform” rating to a “neutral” rating in a report on Tuesday, September 20th. Royal Bank Of Canada upgraded Anglo American plc from a “sector perform” rating to an “outperform” rating in a report on Monday, August 1st. Finally, JPMorgan Chase & Co. upgraded Anglo American plc from an “underweight” rating to an “overweight” rating in a report on Thursday, July 14th.

Anglo American plc (OTC:NGLOY) traded up 2.44% during trading on Thursday, reaching $6.30. 956,778 shares of the company’s stock were exchanged. The firm’s market cap is $16.25 billion. The firm’s 50-day moving average price is $5.57 and its 200-day moving average price is $4.88. Anglo American plc has a 12 month low of $1.57 and a 12 month high of $6.39.

Anglo American plc Company Profile

Anglo American plc is a mining company focusing on diamonds, platinum group metals (PGMs) and copper. Its segments are Platinum: platinum group metals; De Beers: rough and polished diamonds; Copper: copper; Nickel: nickel; Niobium and Phosphates: niobium and phosphates; Iron Ore and Manganese: iron ore, manganese ore and alloys, and Coal: metallurgical coal and thermal coal.

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