Anglo American (AAL) Upgraded by Goldman Sachs Group to “Conviction-Buy”
Goldman Sachs Group upgraded shares of Anglo American (LON:AAL) to a conviction-buy rating in a research note published on Wednesday morning. The brokerage currently has GBX 2,300 ($31.78) price target on the mining company’s stock, up from their prior price target of GBX 1,400 ($19.34).
Other research analysts also recently issued research reports about the stock. Liberum Capital reiterated a sell rating and set a GBX 750 ($10.36) target price on shares of Anglo American in a research report on Monday, November 20th. Deutsche Bank boosted their target price on shares of Anglo American from GBX 1,400 ($19.34) to GBX 1,550 ($21.41) and gave the company a hold rating in a research report on Monday, January 15th. Credit Suisse Group boosted their target price on shares of Anglo American from GBX 1,550 ($21.41) to GBX 1,580 ($21.83) and gave the company a neutral rating in a research report on Tuesday, January 2nd. Barclays boosted their target price on shares of Anglo American from GBX 1,270 ($17.55) to GBX 1,550 ($21.41) and gave the company an equal weight rating in a research report on Monday, January 8th. Finally, JPMorgan Chase & Co. reiterated an overweight rating and set a GBX 1,920 ($26.53) target price on shares of Anglo American in a research report on Tuesday, February 20th. One analyst has rated the stock with a sell rating, five have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Anglo American presently has an average rating of Buy and a consensus price target of GBX 1,714.06 ($23.68).
Shares of Anglo American (LON:AAL) opened at GBX 1,758.40 ($24.29) on Wednesday. Anglo American has a 12 month low of GBX 950.10 ($13.13) and a 12 month high of GBX 1,870 ($25.84). The company has a market cap of $24,700.00 and a price-to-earnings ratio of 999.09.
In other news, insider Philip R. Hampton bought 666 shares of Anglo American stock in a transaction dated Wednesday, December 20th. The stock was purchased at an average price of GBX 1,478 ($20.42) per share, for a total transaction of £9,843.48 ($13,599.72). Also, insider Mark Cutifani sold 109,134 shares of the company’s stock in a transaction on Monday, March 5th. The stock was sold at an average price of GBX 1,693 ($23.39), for a total transaction of £1,847,638.62 ($2,552,692.21).
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Anglo American Company Profile
Anglo American plc is a mining company. The Company has a portfolio of mining operations and undeveloped resources with a focus on diamonds, copper, platinum group metals (PGMs), and bulk commodities and other minerals. Its segments include De Beers, Platinum, Copper, Nickel, Niobium and Phosphates, Iron Ore and Manganese, Coal, and Corporate and other.
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