Anglo American plc (LON:AAL) Receives GBX 2,624 Consensus Price Target from Brokerages

Anglo American plc (LON:AAL) has been given an average rating of “Hold” by the six ratings firms that are currently covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is GBX 2,603.33.

AAL has been the topic of a number of research analyst reports. Berenberg Bank increased their price target on Anglo American from GBX 3,000 to GBX 3,100 and gave the company a “buy” rating in a research note on Thursday, October 30th. JPMorgan Chase & Co. upped their price objective on shares of Anglo American from GBX 2,760 to GBX 3,220 and gave the company a “neutral” rating in a report on Wednesday, December 3rd. Finally, Panmure Gordon restated a “hold” rating and set a GBX 2,500 target price on shares of Anglo American in a research note on Sunday.

Insider Transactions at Anglo American

In other news, insider Marcelo Bastos acquired 870 shares of Anglo American stock in a transaction dated Tuesday, November 18th. The stock was bought at an average price of GBX 2,838 per share, for a total transaction of £24,690.60. Also, insider Nonkululeko Nyembezi bought 259 shares of the stock in a transaction dated Monday, September 29th. The shares were purchased at an average price of GBX 2,731 per share, for a total transaction of £7,073.29. In the last ninety days, insiders have purchased 2,043 shares of company stock worth $5,674,631. Insiders own 0.43% of the company’s stock.

Anglo American Trading Up 0.2%

Anglo American stock opened at GBX 2,859 on Tuesday. The company has a debt-to-equity ratio of 78.84, a quick ratio of 1.28 and a current ratio of 1.98. The stock has a 50-day simple moving average of GBX 2,853.47 and a 200 day simple moving average of GBX 2,485.53. The stock has a market capitalization of £30.51 billion, a P/E ratio of -7.33, a PEG ratio of 2.05 and a beta of 1.10. Anglo American has a 52 week low of GBX 1,900.01 and a 52 week high of GBX 3,051.

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.