Anglo American (LON:AAL) Receives Hold Rating from Panmure Gordon

Panmure Gordon reaffirmed their hold rating on shares of Anglo American (LON:AAL) in a research report released on Sunday morning,Digital Look reports. Panmure Gordon currently has a GBX 2,500 target price on the mining company’s stock.

Several other research analysts have also recently weighed in on the stock. Berenberg Bank upped their price objective on shares of Anglo American from GBX 3,000 to GBX 3,100 and gave the stock a “buy” rating in a research report on Thursday, October 30th. JPMorgan Chase & Co. boosted their price objective on Anglo American from GBX 2,760 to GBX 3,220 and gave the company a “neutral” rating in a research report on Wednesday, December 3rd. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of GBX 2,603.33.

Anglo American Trading Down 2.8%

LON AAL opened at GBX 2,817 on Friday. The company has a quick ratio of 1.28, a current ratio of 1.98 and a debt-to-equity ratio of 78.84. The business has a 50 day moving average price of GBX 2,852.60 and a 200-day moving average price of GBX 2,480.84. Anglo American has a 52 week low of GBX 1,900.01 and a 52 week high of GBX 3,051. The company has a market cap of £30.06 billion, a price-to-earnings ratio of -7.22, a P/E/G ratio of 2.05 and a beta of 1.10.

Insider Activity

In other Anglo American news, insider Magali Anderson purchased 255 shares of the stock in a transaction dated Monday, September 29th. The shares were purchased at an average cost of GBX 2,731 per share, with a total value of £6,964.05. Also, insider Marcelo Bastos bought 870 shares of the stock in a transaction on Tuesday, November 18th. The shares were bought at an average price of GBX 2,838 per share, for a total transaction of £24,690.60. In the last ninety days, insiders have bought 2,043 shares of company stock worth $5,674,631. Corporate insiders own 0.43% of the company’s stock.

Anglo American Company Profile

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.