Anglo American (LON:AAL) Rating Increased to Buy at Citigroup

Citigroup upgraded shares of Anglo American (LON:AAL) to a buy rating in a research note issued to investors on Monday, Marketbeat reports. Citigroup currently has GBX 4,500 price objective on the mining company’s stock, up from their previous price objective of GBX 3,300.

AAL has been the topic of a number of other research reports. Berenberg Bank boosted their target price on shares of Anglo American from GBX 3,000 to GBX 3,100 and gave the company a “buy” rating in a research report on Thursday, October 30th. Panmure Gordon reaffirmed a “hold” rating and issued a GBX 2,500 price target on shares of Anglo American in a research note on Sunday, December 14th. UBS Group reiterated a “buy” rating and set a GBX 3,500 price objective on shares of Anglo American in a report on Friday, January 23rd. Finally, JPMorgan Chase & Co. raised their target price on Anglo American from GBX 2,760 to GBX 3,220 and gave the company a “neutral” rating in a research note on Wednesday, December 3rd. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 3,045.71.

Anglo American Price Performance

Shares of AAL opened at GBX 3,450 on Monday. The firm has a market cap of £36.82 billion, a PE ratio of -8.84, a price-to-earnings-growth ratio of 2.05 and a beta of 1.10. Anglo American has a 52-week low of GBX 1,900.01 and a 52-week high of GBX 3,661. The business’s 50 day moving average price is GBX 3,082.76 and its two-hundred day moving average price is GBX 2,731.76. The company has a debt-to-equity ratio of 78.84, a quick ratio of 1.28 and a current ratio of 1.98.

Insider Buying and Selling at Anglo American

In related news, insider Magali Anderson purchased 273 shares of the business’s stock in a transaction on Monday, December 22nd. The stock was acquired at an average price of GBX 2,882 per share, for a total transaction of £7,867.86. Also, insider Stuart J. Chambers acquired 609 shares of the firm’s stock in a transaction on Monday, December 22nd. The shares were bought at an average cost of GBX 2,882 per share, with a total value of £17,551.38. In the last ninety days, insiders purchased 2,017 shares of company stock valued at $5,773,639. Insiders own 0.37% of the company’s stock.

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.