Anglo American (LON:AAL) Given New GBX 3,160 Price Target at JPMorgan Chase & Co.

Anglo American (LON:AAL) had its price objective upped by JPMorgan Chase & Co. from GBX 2,780 to GBX 3,160 in a report released on Tuesday,London Stock Exchange reports. The firm currently has an “underweight” rating on the mining company’s stock. JPMorgan Chase & Co.‘s price objective indicates a potential downside of 18.56% from the company’s previous close.

A number of other research analysts have also recently issued reports on AAL. Berenberg Bank decreased their target price on Anglo American from GBX 4,100 to GBX 4,000 and set a “buy” rating for the company in a research note on Tuesday, May 19th. Citigroup raised Anglo American to a “buy” rating and boosted their target price for the company from GBX 3,300 to GBX 4,500 in a research note on Monday, February 2nd. Four research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Anglo American currently has an average rating of “Hold” and a consensus target price of GBX 3,165.71.

Anglo American Stock Up 1.5%

LON:AAL opened at GBX 3,880 on Tuesday. Anglo American has a 1 year low of GBX 1,987.20 and a 1 year high of GBX 4,118.50. The company has a current ratio of 1.98, a quick ratio of 1.28 and a debt-to-equity ratio of 91.60. The stock has a market cap of £41.57 billion, a price-to-earnings ratio of -11.76, a PEG ratio of 2.05 and a beta of 0.96. The stock has a 50-day moving average price of GBX 3,496.32 and a two-hundred day moving average price of GBX 3,288.61.

Insider Buying and Selling at Anglo American

In other news, insider Anne Wade acquired 525 shares of Anglo American stock in a transaction dated Monday, March 9th. The stock was bought at an average cost of GBX 3,050 per share, with a total value of £16,012.50. Insiders bought 549 shares of company stock worth $1,685,981 over the last ninety days. 0.43% of the stock is owned by corporate insiders.

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.