Anglo American (LON:AAL) Receives “Buy” Rating from Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft restated their buy rating on shares of Anglo American (LON:AAL) in a report issued on Friday morning,Digital Look reports. They currently have a GBX 4,500 price objective on the mining company’s stock.

Several other equities analysts have also recently issued reports on AAL. Berenberg Bank dropped their target price on Anglo American from GBX 4,200 to GBX 4,100 and set a “hold” rating on the stock in a research report on Friday, July 24th. JPMorgan Chase & Co. lifted their price target on Anglo American from GBX 3,160 to GBX 3,350 and gave the company an “underweight” rating in a research note on Friday, July 10th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 5,000 price objective on shares of Anglo American in a report on Tuesday, June 9th. 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. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of GBX 3,668.75.

Anglo American Trading Up 0.2%

LON AAL opened at GBX 3,733 on Friday. The company has a quick ratio of 1.27, a current ratio of 2.21 and a debt-to-equity ratio of 100.59. The stock has a market capitalization of £40.00 billion, a P/E ratio of -11.31, a P/E/G ratio of 2.05 and a beta of 0.97. Anglo American has a 52-week low of GBX 2,042 and a 52-week high of GBX 4,239. The firm has a 50-day moving average price of GBX 3,765.49 and a 200 day moving average price of GBX 3,577.77.

Insider Buying and Selling at Anglo American

In related news, insider Stuart J. Chambers bought 487 shares of the company’s stock in a transaction on Tuesday, June 23rd. The stock was bought at an average cost of GBX 3,725 per share, with a total value of £18,140.75. Also, insider Magali Anderson purchased 213 shares of Anglo American stock in a transaction dated Tuesday, June 23rd. The shares were bought at an average price of GBX 3,725 per share, with a total value of £7,934.25. Over the last three months, insiders purchased 912 shares of company stock valued at $3,399,843. Corporate insiders own 0.43% 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.