Royal Bank Of Canada Lowers Anglo American (LON:AAL) Price Target to GBX 1,900

Anglo American (LON:AAL) had its price target cut by analysts at Royal Bank Of Canada from GBX 2,000 ($26.59) to GBX 1,900 ($25.26) in a report released on Monday, MarketBeat.com reports. The firm currently has a “sector perform” rating on the mining company’s stock. Royal Bank Of Canada’s target price suggests a potential downside of 9.09% from the company’s previous close.

Several other equities research analysts also recently commented on the company. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 2,600 ($34.57) price objective on shares of Anglo American in a report on Monday, July 28th. JPMorgan Chase & Co. lifted their target price on Anglo American from GBX 1,932 ($25.69) to GBX 2,080 ($27.66) and gave the company a “neutral” rating in a research report on Wednesday, July 30th. Berenberg Bank reaffirmed a “sell” rating and set a GBX 1,900 ($25.26) target price on shares of Anglo American in a research report on Thursday, July 24th. Finally, Citigroup lifted their target price on Anglo American from GBX 2,200 ($29.25) to GBX 2,300 ($30.58) and gave the company a “neutral” rating in a research report on Monday, July 28th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of GBX 2,156 ($28.67).

Anglo American Trading Up 1.0%

LON AAL opened at GBX 2,090 ($27.79) on Monday. The company has a market cap of £31.78 billion, a price-to-earnings ratio of -19.25, a P/E/G ratio of 2.05 and a beta of 1.10. Anglo American has a 52 week low of GBX 1,900.01 ($25.26) and a 52 week high of GBX 2,999.77 ($39.89). The business has a 50 day moving average price of GBX 2,186.14 and a 200-day moving average price of GBX 2,218.50. The company has a quick ratio of 1.28, a current ratio of 1.98 and a debt-to-equity ratio of 78.84.

Insider Activity at Anglo American

In related news, insider Nonkululeko Nyembezi bought 347 shares of the business’s stock in a transaction that occurred on Wednesday, June 25th. The shares were bought at an average price of GBX 2,044 ($27.18) per share, with a total value of £7,092.68 ($9,430.50). Also, insider Stuart J. Chambers purchased 859 shares of the company’s stock in a transaction that occurred on Wednesday, June 25th. The shares were acquired at an average price of GBX 2,044 ($27.18) per share, for a total transaction of £17,557.96 ($23,345.25). Insiders have purchased a total of 1,579 shares of company stock valued at $3,232,235 over the last 90 days. Insiders own 9.78% of the company’s stock.

About Anglo American

Anglo American is a leading global mining company and our products are the essential ingredients in almost every aspect of modern life. Our portfolio of world-class competitive operations, with a broad range of future development options, provides many of the future-enabling metals and minerals for a cleaner, greener, more sustainable world and that meet the fast growing every day demands of billions of consumers.