Anglo American (LON:AAL – Get Free Report) had its price objective dropped by stock analysts at Deutsche Bank Aktiengesellschaft from GBX 4,700 to GBX 3,900 in a report issued on Wednesday, Digital Look reports. The brokerage presently has a “buy” rating on the mining company’s stock. Deutsche Bank Aktiengesellschaft’s price objective would suggest a potential upside of 1.06% from the company’s previous close.
Other research analysts also recently issued research reports about the company. Berenberg Bank restated a “hold” rating and issued a GBX 4,300 target price on shares of Anglo American in a research note on Wednesday. JPMorgan Chase & Co. raised their price target on Anglo American from GBX 3,160 to GBX 3,350 and gave the stock an “underweight” rating in a research note on Friday, July 10th. Four research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of GBX 3,864.29.
Get Our Latest Stock Report on AAL
Anglo American Price Performance
Shares of LON:AAL opened at GBX 3,859 on Wednesday. The company has a current ratio of 2.21, a quick ratio of 1.27 and a debt-to-equity ratio of 100.59. Anglo American has a 1 year low of GBX 2,639 and a 1 year high of GBX 4,643.80. The business has a fifty day simple moving average of GBX 4,063.71 and a 200 day simple moving average of GBX 3,851.67. The firm has a market cap of £41.35 billion, a price-to-earnings ratio of -15.31, a P/E/G ratio of 2.05 and a beta of 0.95.
Insider Activity at Anglo American
In related news, insider Nonkululeko Nyembezi acquired 178 shares of the stock in a transaction dated Tuesday, September 29th. The shares were acquired at an average price of GBX 4,067 per share, for a total transaction of £7,239.26. Also, insider Stuart J. Chambers acquired 446 shares of the company’s stock in a transaction dated Tuesday, September 29th. The shares were bought at an average price of GBX 4,067 per share, for a total transaction of £18,138.82. In the last three months, insiders have bought 841 shares of company stock worth $3,417,995. 0.37% of the stock is owned by 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.
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