Anglo American (LON:AAL) had its price target upped by stock analysts at Barclays from GBX 1,900 ($24.99) to GBX 2,000 ($26.31) in a research report issued to clients and investors on Wednesday, Digital Look reports. The brokerage currently has an “equal weight” rating on the mining company’s stock. Barclays‘s price objective points to a potential downside of 7.47% from the company’s current price.
A number of other equities analysts have also commented on AAL. JPMorgan Chase & Co. upgraded shares of Anglo American to an “overweight” rating and raised their price objective for the company from GBX 2,200 ($28.94) to GBX 2,550 ($33.54) in a research report on Tuesday, December 17th. Bank of America restated a “buy” rating on shares of Anglo American in a research report on Tuesday, October 8th. Goldman Sachs Group cut their price objective on shares of Anglo American from GBX 2,200 ($28.94) to GBX 2,120 ($27.89) and set a “neutral” rating for the company in a research report on Friday, November 29th. Deutsche Bank restated a “buy” rating on shares of Anglo American in a research report on Thursday, January 9th. Finally, Liberum Capital lowered shares of Anglo American to a “sell” rating in a research report on Friday, September 20th. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of GBX 2,185 ($28.74).
Shares of AAL stock traded down GBX 11 ($0.14) during trading hours on Wednesday, reaching GBX 2,161.50 ($28.43). The stock had a trading volume of 1,980,226 shares, compared to its average volume of 6,120,000. The stock’s fifty day simple moving average is GBX 2,129.08 and its 200 day simple moving average is GBX 2,005.62. The company has a current ratio of 2.30, a quick ratio of 1.55 and a debt-to-equity ratio of 33.15. Anglo American has a 12 month low of GBX 1,654.80 ($21.77) and a 12 month high of GBX 2,294 ($30.18). The firm has a market capitalization of $29.80 billion and a PE ratio of 6.75.
In related news, insider Jim Rutherford purchased 1,078 shares of the stock in a transaction dated Wednesday, December 18th. The stock was purchased at an average price of GBX 2,183 ($28.72) per share, with a total value of £23,532.74 ($30,955.99). In the last ninety days, insiders bought 1,092 shares of company stock valued at $2,382,681.
Anglo American Company Profile
Anglo American plc, together with its subsidiaries, engages in exploring, mining, and processing various metals and minerals worldwide. The company explores for rough and polished diamonds, copper, platinum group metals, metallurgical and thermal coal, and iron; and nickel and manganese ores, as well as alloys.
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