Anglo American (LON:AAL) Reaches New 12-Month High on Analyst Upgrade

Shares of Anglo American plc (LON:AAL) reached a new 52-week high during mid-day trading on Tuesday after Citigroup upgraded the stock to a buy rating. Citigroup now has a GBX 4,500 price target on the stock, up from their previous price target of GBX 3,300. Anglo American traded as high as GBX 3,671 and last traded at GBX 3,665, with a volume of 483953594 shares trading hands. The stock had previously closed at GBX 3,450.

Several other equities research analysts also recently issued reports on AAL. JPMorgan Chase & Co. upped their price target on Anglo American from GBX 2,760 to GBX 3,220 and gave the stock a “neutral” rating in a report on Wednesday, December 3rd. Panmure Gordon reiterated a “hold” rating and issued a GBX 2,500 target price on shares of Anglo American in a report on Sunday, December 14th. UBS Group reissued a “buy” rating and set a GBX 3,500 price target on shares of Anglo American in a research report on Friday, January 23rd. Finally, 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. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 3,045.71.

Insider Activity at Anglo American

In related news, insider Magali Anderson acquired 273 shares of the firm’s stock in a transaction that occurred 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 Nonkululeko Nyembezi acquired 246 shares of the stock in a transaction on Monday, December 22nd. The stock was bought at an average cost of GBX 2,882 per share, for a total transaction of £7,089.72. Insiders have purchased a total of 2,017 shares of company stock worth $5,773,639 in the last ninety days. Corporate insiders own 0.37% of the company’s stock.

Anglo American Stock Up 4.7%

The stock’s 50 day moving average is GBX 3,099.50 and its 200 day moving average is GBX 2,741.45. The company has a market capitalization of £38.54 billion, a PE ratio of -9.25, a PEG ratio of 2.05 and a beta of 1.10. The company has a debt-to-equity ratio of 78.84, a quick ratio of 1.28 and a current ratio of 1.98.

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.