Anglo American (LON:AAL) Given New GBX 3,160 Price Target at JPMorgan Chase & Co.

Anglo American (LON:AAL) had its price target upped by JPMorgan Chase & Co. from GBX 2,780 to GBX 3,160 in a note issued to investors on Tuesday,London Stock Exchange reports. The firm currently has an “underweight” rating on the mining company’s stock. JPMorgan Chase & Co.‘s price objective would indicate a potential downside of 18.56% from the stock’s previous close.

AAL has been the subject of a number of other research reports. Citigroup upgraded Anglo American to a “buy” rating and boosted their target price for the stock from GBX 3,300 to GBX 4,500 in a research report on Monday, February 2nd. Berenberg Bank dropped their target price on Anglo American from GBX 4,100 to GBX 4,000 and set a “buy” rating for the company in a research report on Tuesday, May 19th. Four analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of GBX 3,165.71.

Anglo American Price Performance

Anglo American stock opened at GBX 3,880 on Tuesday. The company has a debt-to-equity ratio of 91.60, a quick ratio of 1.28 and a current ratio of 1.98. The firm has a market cap of £41.57 billion, a P/E ratio of -11.76, a P/E/G ratio of 2.05 and a beta of 0.96. The business’s fifty day moving average is GBX 3,496.32 and its two-hundred day moving average is GBX 3,288.61. Anglo American has a 52 week low of GBX 1,987.20 and a 52 week high of GBX 4,118.50.

Insider Buying and Selling

In related news, insider Anne Wade acquired 525 shares of the company’s stock in a transaction that occurred on Monday, March 9th. The stock was acquired at an average price of GBX 3,050 per share, for a total transaction of £16,012.50. Insiders bought a total of 549 shares of company stock valued at $1,685,981 in the last ninety days. Corporate insiders own 0.43% 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.