Anglo American’s (AAL) Hold Rating Reaffirmed at Berenberg Bank

Anglo American (LON:AAL)‘s stock had its “hold” rating reaffirmed by research analysts at Berenberg Bank in a research report issued on Wednesday, Digital Look reports. They currently have a GBX 4,300 price target on the mining company’s stock. Berenberg Bank’s price target indicates a potential upside of 11.20% from the stock’s previous close.

AAL has been the topic of a number of other research reports. JPMorgan Chase & Co. increased their price objective on Anglo American from GBX 3,160 to GBX 3,350 and gave the stock an “underweight” rating in a report on Friday, July 10th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 4,500 price target on shares of Anglo American in a report on Friday, July 31st. Four research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Anglo American has a consensus rating of “Hold” and an average target price of GBX 3,950.

Anglo American Stock Performance

LON:AAL opened at GBX 3,867 on Wednesday. The company has a market capitalization of £41.43 billion, a P/E ratio of -15.35, a P/E/G ratio of 2.05 and a beta of 0.95. The business has a fifty day simple moving average of GBX 4,063.71 and a two-hundred day simple moving average of GBX 3,851.67. The company has a debt-to-equity ratio of 100.59, a current ratio of 2.21 and a quick ratio of 1.27. Anglo American has a 1 year low of GBX 2,639 and a 1 year high of GBX 4,643.80.

Insiders Place Their Bets

In related news, insider Nonkululeko Nyembezi bought 178 shares of the stock in a transaction dated Tuesday, September 29th. The stock was bought at an average price of GBX 4,067 per share, with a total value of £7,239.26. Also, insider Stuart J. Chambers acquired 446 shares of the stock in a transaction on Tuesday, September 29th. The stock was bought at an average price of GBX 4,067 per share, with a total value of £18,138.82. Insiders bought a total of 841 shares of company stock valued at $3,417,995 over the last quarter. 0.37% 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.