Anglo American’s (AAL) Buy Rating Reiterated at UBS Group

UBS Group restated their buy rating on shares of Anglo American (LON:AAL) in a report released on Friday, MarketBeat Ratings reports. They currently have a GBX 3,500 price target on the mining company’s stock.

Other equities research analysts also recently issued reports about the company. Panmure Gordon reissued a “hold” rating and issued a GBX 2,500 price objective on shares of Anglo American in a report on Sunday, December 14th. Berenberg Bank upped their price target 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. Finally, JPMorgan Chase & Co. increased their price target on shares of Anglo American from GBX 2,760 to GBX 3,220 and gave the stock a “neutral” rating in a research note on Wednesday, December 3rd. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of GBX 2,731.43.

Anglo American Price Performance

Shares of Anglo American stock opened at GBX 3,356.33 on Friday. The business has a 50 day simple moving average of GBX 2,994.98 and a two-hundred day simple moving average of GBX 2,679.64. The stock has a market capitalization of £35.82 billion, a P/E ratio of -8.60, a PEG 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. Anglo American has a 12 month low of GBX 1,900.01 and a 12 month high of GBX 3,451.

Insiders Place Their Bets

In other Anglo American news, insider Nonkululeko Nyembezi purchased 246 shares of Anglo American stock in a transaction dated Monday, December 22nd. The stock was acquired at an average cost of GBX 2,882 per share, with a total value of £7,089.72. Also, insider Magali Anderson purchased 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. In the last quarter, insiders acquired 2,017 shares of company stock valued at $5,773,639. Corporate insiders own 0.37% 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.