Anglo American plc (LON:AAL) Receives Average Rating of “Moderate Buy” from Brokerages

Anglo American plc (LON:AAL) has received an average recommendation of “Moderate Buy” from the seven research firms that are currently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is GBX 3,045.71.

AAL has been the topic of several recent research reports. UBS Group reiterated a “buy” rating and set a GBX 3,500 target price on shares of Anglo American in a research report on Friday, January 23rd. JPMorgan Chase & Co. lifted their price objective on Anglo American from GBX 2,760 to GBX 3,220 and gave the company a “neutral” rating in a report on Wednesday, December 3rd. Berenberg Bank upped their price objective on Anglo American from GBX 3,000 to GBX 3,100 and gave the company a “buy” rating in a research note on Thursday, October 30th. Citigroup upgraded Anglo American to a “buy” rating and raised their target price for the stock from GBX 3,300 to GBX 4,500 in a research report on Monday, February 2nd. Finally, 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.

Anglo American Trading Up 1.1%

Shares of Anglo American stock opened at GBX 3,618.41 on Friday. The firm has a market capitalization of £38.62 billion, a PE ratio of -9.27, a price-to-earnings-growth ratio of 2.05 and a beta of 1.10. The company has a debt-to-equity ratio of 78.84, a current ratio of 1.98 and a quick ratio of 1.28. The company’s fifty day moving average price is GBX 3,279.29 and its two-hundred day moving average price is GBX 2,861.11. Anglo American has a 52-week low of GBX 1,900.01 and a 52-week high of GBX 3,754.

Insider Transactions at Anglo American

In other news, insider Stuart J. Chambers purchased 609 shares of the business’s stock in a transaction that occurred on Monday, December 22nd. The stock was purchased at an average cost of GBX 2,882 per share, with a total value of £17,551.38. Also, insider Magali Anderson purchased 273 shares of Anglo American stock in a transaction on Monday, December 22nd. The stock was purchased at an average price of GBX 2,882 per share, for a total transaction of £7,867.86. In the last quarter, insiders have bought 1,138 shares of company stock valued at $3,279,316. 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.