Anglo American (LON:AAL) Rating Increased to Hold at Berenberg Bank

Anglo American (LON:AAL) was upgraded by equities research analysts at Berenberg Bank to a “hold” rating in a research note issued to investors on Tuesday,Digital Look reports. The brokerage currently has a GBX 2,300 price objective on the mining company’s stock, up from their prior price objective of GBX 1,900. Berenberg Bank’s price objective would indicate a potential downside of 10.40% from the company’s current price.

A number of other equities research analysts have also recently weighed in on the company. Royal Bank Of Canada lowered their price target on Anglo American from GBX 2,000 to GBX 1,900 and set a “sector perform” rating on the stock in a report on Monday, August 4th. JPMorgan Chase & Co. restated a “neutral” rating and issued a GBX 1,980 price target on shares of Anglo American in a report on Wednesday, August 20th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 2,600 price target on shares of Anglo American in a report on Monday, July 28th. Finally, Citigroup upped their price target on Anglo American from GBX 2,200 to GBX 2,300 and gave the stock a “neutral” rating in a report on Monday, July 28th. One investment analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of GBX 2,216.

Anglo American Stock Up 3.1%

AAL opened at GBX 2,567.09 on Tuesday. The stock has a market capitalization of £27.43 billion, a P/E ratio of -657.79, a P/E/G ratio of 2.05 and a beta of 1.10. The company has a debt-to-equity ratio of 78.84, a current ratio of 1.98 and a quick ratio of 1.28. The business has a 50 day simple moving average of GBX 2,217.61 and a 200-day simple moving average of GBX 2,176.90. Anglo American has a 12 month low of GBX 1,900.01 and a 12 month high of GBX 2,999.77.

Insider Buying and Selling

In related news, insider Stuart J. Chambers acquired 859 shares of the business’s stock in a transaction that occurred on Wednesday, June 25th. The stock was purchased at an average cost of GBX 2,044 per share, for a total transaction of £17,557.96. Also, insider Nonkululeko Nyembezi acquired 347 shares of the business’s stock in a transaction that occurred on Wednesday, June 25th. The shares were bought at an average price of GBX 2,044 per share, with a total value of £7,092.68. Insiders purchased 1,579 shares of company stock worth $3,231,325 in the last ninety days. Insiders own 0.43% of the company’s stock.

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.