Insider Buying: Anglo American (LON:AAL) Insider Buys £16,012.50 in Stock

Anglo American plc (LON:AAL) insider Anne Wade bought 525 shares of the company’s stock in a transaction on Monday, March 9th. The stock was purchased at an average price of GBX 3,050 per share, with a total value of £16,012.50.

Anglo American Trading Up 6.0%

LON AAL traded up GBX 189 on Tuesday, reaching GBX 3,316. The company had a trading volume of 456,007,281 shares, compared to its average volume of 46,767,574. Anglo American plc has a fifty-two week low of GBX 1,900.01 and a fifty-two week high of GBX 3,877. The business has a 50 day moving average of GBX 3,413.32 and a two-hundred day moving average of GBX 2,973.94. The firm has a market cap of £35.39 billion, a price-to-earnings ratio of -10.05, a P/E/G ratio of 2.05 and a beta of 0.90. The company has a debt-to-equity ratio of 91.60, a current ratio of 1.98 and a quick ratio of 1.28.

Analysts Set New Price Targets

AAL has been the topic of several research reports. JPMorgan Chase & Co. boosted their target price on Anglo American from GBX 2,760 to GBX 3,220 and gave the company a “neutral” rating in a research note on Wednesday, December 3rd. Citigroup upgraded shares of Anglo American to a “buy” rating and upped their price objective for the stock from GBX 3,300 to GBX 4,500 in a report on Monday, February 2nd. Berenberg Bank reduced their price target on Anglo American from GBX 4,200 to GBX 3,900 and set a “buy” rating for the company in a report on Thursday, March 5th. Panmure Gordon reissued a “hold” rating and issued a GBX 2,500 target price on shares of Anglo American in a report on Sunday, December 14th. Finally, UBS Group restated a “buy” rating and issued a GBX 3,500 price objective on shares of Anglo American in a research report on Friday, January 23rd. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average 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.