Insider Buying: Anglo American (LON:AAL) Insider Purchases 4 Shares of Stock

Anglo American plc (LON:AAL) insider Duncan Wanblad bought 4 shares of the company’s stock in a transaction that occurred on Monday, March 16th. The shares were bought at an average price of GBX 3,067 per share, for a total transaction of £122.68.

Anglo American Stock Down 1.9%

Shares of AAL traded down GBX 60 during trading hours on Wednesday, hitting GBX 3,075. The stock had a trading volume of 25,195,232 shares, compared to its average volume of 39,308,383. The firm has a 50 day simple moving average of GBX 3,424.43 and a 200-day simple moving average of GBX 3,015.85. Anglo American plc has a 1-year low of GBX 1,900.01 and a 1-year high of GBX 3,877. The company has a debt-to-equity ratio of 91.60, a current ratio of 1.98 and a quick ratio of 1.28. The firm has a market capitalization of £32.82 billion, a P/E ratio of -9.32, a price-to-earnings-growth ratio of 2.05 and a beta of 0.90.

Wall Street Analyst Weigh In

AAL has been the subject of a number of recent research reports. UBS Group restated a “buy” rating and set a GBX 3,500 price target on shares of Anglo American in a research note on Friday, January 23rd. Panmure Gordon reiterated a “hold” rating and set a GBX 2,500 price objective on shares of Anglo American in a report on Sunday, December 14th. Berenberg Bank decreased their target price on shares of Anglo American from GBX 4,200 to GBX 3,900 and set a “buy” rating for the company in a research report on Thursday, March 5th. JPMorgan Chase & Co. upped their target price on shares of Anglo American from GBX 2,760 to GBX 3,220 and gave the stock a “neutral” rating in a report on Wednesday, December 3rd. Finally, Citigroup raised shares of Anglo American to a “buy” rating and raised their price target for the company from GBX 3,300 to GBX 4,500 in a research report on Monday, February 2nd. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 3,160.

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.