Anglo American (LON:AAL) Price Target Raised to GBX 3,350

Anglo American (LON:AAL) had its price objective boosted by analysts at JPMorgan Chase & Co. from GBX 3,160 to GBX 3,350 in a research note issued on Friday,London Stock Exchange reports. The firm currently has an “underweight” rating on the mining company’s stock. JPMorgan Chase & Co.‘s target price suggests a potential downside of 6.66% from the company’s previous close.

AAL has been the subject of a number of other reports. Deutsche Bank Aktiengesellschaft raised their price objective on Anglo American from GBX 3,800 to GBX 4,500 and gave the stock a “buy” rating in a research report on Wednesday, June 3rd. Jefferies Financial Group reissued a “buy” rating and issued a GBX 5,000 price target on shares of Anglo American in a research report on Tuesday, June 9th. Finally, Berenberg Bank restated a “hold” rating and set a GBX 4,200 price target on shares of Anglo American in a report on Thursday, June 18th. Four equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of GBX 3,681.25.

Anglo American Stock Performance

Shares of AAL stock opened at GBX 3,589 on Friday. The company has a market capitalization of £38.46 billion, a price-to-earnings ratio of -10.88, a P/E/G ratio of 2.05 and a beta of 0.97. Anglo American has a 1-year low of GBX 2,042 and a 1-year high of GBX 4,239. The company has a current ratio of 1.98, a quick ratio of 1.27 and a debt-to-equity ratio of 86.09. The stock’s fifty day simple moving average is GBX 3,836.18 and its 200-day simple moving average is GBX 3,525.83.

Insider Buying and Selling

In other news, insider Stuart J. Chambers bought 487 shares of the stock in a transaction on Tuesday, June 23rd. The shares were purchased at an average price of GBX 3,725 per share, for a total transaction of £18,140.75. Also, insider Magali Anderson bought 213 shares of the company’s stock in a transaction on Tuesday, June 23rd. The stock was purchased at an average cost of GBX 3,725 per share, for a total transaction of £7,934.25. Over the last ninety days, insiders bought 912 shares of company stock worth $3,399,635. 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.