Anglo American (LON:AAL) Upgraded at Berenberg Bank

Berenberg Bank upgraded shares of Anglo American (LON:AAL) to a hold rating in a research report sent to investors on Tuesday, Marketbeat reports. The firm currently has GBX 2,300 price target on the mining company’s stock, up from their prior price target of GBX 1,900.

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

Anglo American Stock Performance

Anglo American stock opened at GBX 2,536 on Tuesday. The company has a current ratio of 1.98, a quick ratio of 1.28 and a debt-to-equity ratio of 78.84. The firm has a 50-day moving average of GBX 2,229.45 and a 200-day moving average of GBX 2,180.46. The firm has a market cap of £27.10 billion, a P/E ratio of -649.82, a P/E/G ratio of 2.05 and a beta of 1.10. Anglo American has a 1-year low of GBX 1,900.01 and a 1-year high of GBX 2,999.77.

Insider Buying and Selling at Anglo American

In other Anglo American news, insider Magali Anderson bought 341 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 £6,970.04. Also, insider Stuart J. Chambers bought 859 shares of the firm’s stock in a transaction on Wednesday, June 25th. The shares were acquired at an average cost of GBX 2,044 per share, with a total value of £17,557.96. Over the last quarter, insiders acquired 1,579 shares of company stock valued at $3,231,325. Corporate 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.