Anglo American’s (AAL) “Buy” Rating Reaffirmed at UBS Group

UBS Group restated their buy rating on shares of Anglo American (LON:AAL) in a research report sent to investors on Friday morning, MarketBeat Ratings reports. UBS Group currently has a GBX 3,500 price objective on the mining company’s stock.

Several other equities analysts have also weighed in on AAL. 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 report on Thursday, October 30th. JPMorgan Chase & Co. lifted their price target on shares of 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. Finally, Panmure Gordon reiterated a “hold” rating and issued a GBX 2,500 price objective on shares of Anglo American in a research report on Sunday, December 14th. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of GBX 2,731.43.

Anglo American Trading Up 0.4%

Shares of AAL stock opened at GBX 3,356.33 on Friday. The company has a current ratio of 1.98, a quick ratio of 1.28 and a debt-to-equity ratio of 78.84. Anglo American has a twelve month low of GBX 1,900.01 and a twelve month high of GBX 3,451. The company’s 50-day moving average price is GBX 2,994.98 and its 200-day moving average price is GBX 2,672.94. The stock has a market cap of £35.82 billion, a price-to-earnings ratio of -8.60, a PEG ratio of 2.05 and a beta of 1.10.

Insider Transactions at Anglo American

In other Anglo American news, insider Stuart J. Chambers purchased 609 shares of the business’s stock in a transaction on Monday, December 22nd. The shares were bought at an average cost of GBX 2,882 per share, for a total transaction of £17,551.38. Also, insider Nonkululeko Nyembezi purchased 246 shares of Anglo American stock in a transaction dated Monday, December 22nd. The shares were acquired at an average cost of GBX 2,882 per share, for a total transaction of £7,089.72. In the last 90 days, insiders purchased 2,017 shares of company stock valued at $5,773,639. 0.37% of the stock is owned by insiders.

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.