New Buy Rating for Anglo American (NGLOY), the Basic Materials Giant
In a report released yesterday, Richard Hatch from Berenberg Bank maintained a Buy rating on Anglo American, with a price target of $24.00.
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According to TipRanks, Hatch is a 5-star analyst with an average return of 26.1% and a 59.51% success rate. Hatch covers the Basic Materials sector, focusing on stocks such as Rio Tinto, Atalaya Mining, and Resolute Mining .
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Anglo American with a $24.00 average price target.
Based on Anglo American’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $9.53 billion and a GAAP net loss of $1.86 billion. In comparison, last year the company earned a revenue of $12.9 billion and had a GAAP net loss of $2.37 billion
Read More on NGLOY:
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- Anglo American price target lowered to 2,770 GBp from 2,800 GBp at JPMorgan
- CIBC raises Teck Resources price target to C$79, shifts rating to Tender
- Anglo American downgraded to Underweight from Neutral at JPMorgan
- Anglo American price target lowered to 3,900 GBp from 4,200 GBp at Berenberg
- Anglo American price target raised to 3,850 GBp from 3,550 GBp at Barclays
