Anglo American (LON:AAL) Price Target Cut to GBX 3,900 by Analysts at Berenberg Bank

Anglo American (LON:AAL) had its price objective reduced by equities researchers at Berenberg Bank from GBX 4,200 to GBX 3,900 in a report issued on Thursday, MarketBeat.com reports. The brokerage currently has a “buy” rating on the mining company’s stock. Berenberg Bank’s price objective suggests a potential upside of 12.69% from the company’s previous close.

Several other equities research analysts have also recently issued reports on AAL. UBS Group reissued a “buy” rating and issued a GBX 3,500 target price on shares of Anglo American in a research report on Friday, January 23rd. Citigroup upgraded Anglo American to a “buy” rating and upped their price objective for the stock from GBX 3,300 to GBX 4,500 in a report on Monday, February 2nd. 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. Finally, 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 research note on Wednesday, December 3rd. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Anglo American presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 3,160.

Anglo American Trading Down 1.6%

AAL traded down GBX 57.31 during trading on Thursday, hitting GBX 3,460.69. The company’s stock had a trading volume of 3,334,265 shares, compared to its average volume of 39,310,211. Anglo American has a twelve month low of GBX 1,900.01 and a twelve month high of GBX 3,877. The stock has a market cap of £36.93 billion, a PE ratio of -8.87, a PEG ratio of 2.05 and a beta of 0.90. The firm’s 50 day moving average price is GBX 3,395.40 and its 200-day moving average price is GBX 2,944.45. The company has a debt-to-equity ratio of 91.60, a current ratio of 1.98 and a quick ratio of 1.28.

Insider Transactions at Anglo American

In related news, insider Nonkululeko Nyembezi bought 246 shares of the firm’s stock in a transaction dated Monday, December 22nd. The stock was bought at an average price of GBX 2,882 per share, with a total value of £7,089.72. Also, insider Magali Anderson bought 273 shares of the stock in a transaction dated Monday, December 22nd. The stock was bought at an average price of GBX 2,882 per share, with a total value of £7,867.86. Insiders purchased 1,138 shares of company stock valued at $3,279,316 over the last quarter. Company 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.