Anglo American (LON:AAL) Given “Neutral” Rating at JPMorgan Chase & Co.

JPMorgan Chase & Co. reissued their neutral rating on shares of Anglo American (LON:AAL) in a research report sent to investors on Wednesday morning, Marketbeat.com reports. They currently have a GBX 1,980 price target on the mining company’s stock.

Other equities analysts have also recently issued reports about the stock. Berenberg Bank restated a “sell” rating and issued a GBX 1,900 target price on shares of Anglo American in a research report on Thursday, July 24th. Royal Bank Of Canada lowered their price objective on shares of Anglo American from GBX 2,000 to GBX 1,900 and set a “sector perform” rating for the company in a research report on Monday, August 4th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 2,600 price objective on shares of Anglo American in a research report on Monday, July 28th. Finally, Citigroup upped their price objective on shares of Anglo American from GBX 2,200 to GBX 2,300 and gave the stock a “neutral” rating in a research report on Monday, July 28th. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Anglo American presently has a consensus rating of “Hold” and a consensus price target of GBX 2,136.

Anglo American Price Performance

Shares of LON:AAL opened at GBX 2,171.79 on Wednesday. The firm has a 50 day moving average of GBX 2,175.70 and a 200-day moving average of GBX 2,193.42. The stock has a market capitalization of £33.03 billion, a PE ratio of -20.00, a PEG ratio of 2.05 and a beta of 1.10. The company has a current ratio of 1.98, a quick ratio of 1.28 and a debt-to-equity ratio of 78.84. 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 at Anglo American

In other Anglo American news, insider Nonkululeko Nyembezi purchased 347 shares of the firm’s stock in a transaction on Wednesday, June 25th. The stock was purchased at an average cost of GBX 2,044 per share, for a total transaction of £7,092.68. Also, insider Stuart J. Chambers purchased 859 shares of the firm’s stock in a transaction on Wednesday, June 25th. The stock was acquired at an average price of GBX 2,044 per share, with a total value of £17,557.96. In the last ninety days, insiders acquired 1,579 shares of company stock worth $3,231,325. 9.78% of the stock is currently owned by company insiders.

About Anglo American

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.