Anglo American (LON:AAL) Sets New 1-Year High After Analyst Upgrade

Anglo American plc (LON:AAL)’s share price reached a new 52-week high on Tuesday after Citigroup upgraded the stock to a buy rating. Citigroup now has a GBX 4,500 price target on the stock, up from their previous price target of GBX 3,300. Anglo American traded as high as GBX 3,671 and last traded at GBX 3,665, with a volume of 483953594 shares changing hands. The stock had previously closed at GBX 3,450.

Several other equities analysts have also weighed in on the company. Berenberg Bank raised their target price on Anglo American from GBX 3,000 to GBX 3,100 and gave the company a “buy” rating in a report on Thursday, October 30th. UBS Group reissued a “buy” rating and issued a GBX 3,500 price objective on shares of Anglo American in a research note on Friday, January 23rd. JPMorgan Chase & Co. boosted their target price on 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, Panmure Gordon reiterated a “hold” rating and set a GBX 2,500 price target on shares of Anglo American in a report on Sunday, December 14th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Anglo American currently has an average rating of “Moderate Buy” and a consensus target price of GBX 3,045.71.

Insider Activity at Anglo American

In related news, insider Stuart J. Chambers acquired 609 shares of the business’s stock in a transaction dated Monday, December 22nd. The stock was acquired at an average price of GBX 2,882 per share, with a total value of £17,551.38. Also, insider Marcelo Bastos bought 870 shares of Anglo American stock in a transaction that occurred on Tuesday, November 18th. The stock was bought at an average price of GBX 2,838 per share, with a total value of £24,690.60. Insiders bought 2,017 shares of company stock valued at $5,773,639 in the last quarter. Company insiders own 0.37% of the company’s stock.

Anglo American Price Performance

The company has a market cap of £39.12 billion, a P/E ratio of -9.39, a P/E/G ratio of 2.05 and a beta of 1.10. The stock has a 50-day simple moving average of GBX 3,082.76 and a 200 day simple moving average of GBX 2,731.76. The company has a debt-to-equity ratio of 78.84, a quick ratio of 1.28 and a current ratio of 1.98.

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.