Anglo American (LON:AAL) Stock Keeps “Hold” Rating at Berenberg Bank

Anglo American (LON:AAL)‘s stock had its “hold” rating reissued by equities researchers at Berenberg Bank in a research note issued to investors on Wednesday, Digital Look reports. They currently have a GBX 4,300 price objective on the mining company’s stock. Berenberg Bank’s target price would indicate a potential upside of 11.43% from the company’s current price.

Several other equities research analysts have also recently weighed in on the company. JPMorgan Chase & Co. increased their target price on Anglo American from GBX 3,160 to GBX 3,350 and gave the company an “underweight” rating in a report on Friday, July 10th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 4,500 price target on shares of Anglo American in a research report on Friday, July 31st. Four analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Anglo American currently has a consensus rating of “Hold” and an average price target of GBX 3,950.

Anglo American Stock Down 1.1%

Shares of LON:AAL opened at GBX 3,859 on Wednesday. The stock’s 50-day moving average price is GBX 4,063.71 and its 200-day moving average price is GBX 3,851.67. Anglo American has a 12-month low of GBX 2,639 and a 12-month high of GBX 4,643.80. The stock has a market capitalization of £41.35 billion, a P/E ratio of -15.31, a price-to-earnings-growth ratio of 2.05 and a beta of 0.95. The company has a current ratio of 2.21, a quick ratio of 1.27 and a debt-to-equity ratio of 100.59.

Insider Activity at Anglo American

In other Anglo American news, insider Magali Anderson bought 196 shares of the business’s stock in a transaction that occurred on Tuesday, September 29th. The shares were bought at an average cost of GBX 4,067 per share, with a total value of £7,971.32. Also, insider Stuart J. Chambers bought 446 shares of the firm’s stock in a transaction dated Tuesday, September 29th. The stock was purchased at an average cost of GBX 4,067 per share, with a total value of £18,138.82. Insiders bought 841 shares of company stock worth $3,417,995 in the last three months. 0.37% of the stock is owned by insiders.

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.