Anglo American (LON:AAL) Earns “Sell” Rating from Berenberg Bank

Anglo American (LON:AAL)‘s stock had its “sell” rating reissued by Berenberg Bank in a report issued on Thursday, Marketbeat.com reports. They currently have a GBX 1,900 target price on the mining company’s stock. Berenberg Bank’s target price points to a potential downside of 16.42% from the stock’s current price.

AAL has been the subject of a number of other research reports. Citigroup upped their target price on Anglo American from GBX 2,200 to GBX 2,300 and gave the stock a “neutral” rating in a report on Monday, July 28th. Royal Bank Of Canada cut their price target on Anglo American from GBX 2,000 to GBX 1,900 and set a “sector perform” rating on the stock in a report on Monday, August 4th. JPMorgan Chase & Co. restated a “neutral” rating and issued a GBX 1,980 target price on shares of Anglo American in a report on Wednesday, August 20th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 2,600 price target on shares of Anglo American in a report on Monday, July 28th. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of GBX 2,136.

Anglo American Stock Up 0.6%

AAL stock opened at GBX 2,273.21 on Thursday. The company has a current ratio of 1.98, a quick ratio of 1.28 and a debt-to-equity ratio of 78.84. The firm has a market capitalization of £24.27 billion, a PE ratio of -582.49, a PEG ratio of 2.05 and a beta of 1.10. Anglo American has a 1-year low of GBX 1,900.01 and a 1-year high of GBX 2,999.77. The business’s 50 day simple moving average is GBX 2,209.15 and its 200 day simple moving average is GBX 2,179.02.

Insider Buying and Selling

In related news, insider Stuart J. Chambers acquired 859 shares of the firm’s stock in a transaction that occurred on Wednesday, June 25th. The shares were purchased at an average price of GBX 2,044 per share, with a total value of £17,557.96. Also, insider Nonkululeko Nyembezi acquired 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 per share, with a total value of £7,092.68. Insiders have purchased 1,579 shares of company stock worth $3,231,325 in the last ninety days. 0.43% of the stock is owned by corporate insiders.

About Anglo American

Anglo American is a leading global mining company focused on the responsible production of copper, premium iron ore and crop nutrients – future-enabling products that are essential for decarbonising the global economy, improving living standards, and food security. Our portfolio of world-class operations and outstanding resource endowments offers value-accretive growth potential across all three businesses, positioning us to deliver into structurally attractive major demand growth trends.

Our integrated approach to sustainability and innovation drives our decision-making across the value chain, from how we discover new resources to how we mine, process, move and market our products to our customers – safely, efficiently and responsibly.