Anglo American (LON:AAL) Given Hold Rating at Berenberg Bank

Anglo American (LON:AAL)‘s stock had its “hold” rating restated by research analysts at Berenberg Bank in a research report issued on Wednesday, Digital Look reports. They presently have a GBX 4,300 price target on the mining company’s stock. Berenberg Bank‘s price objective would indicate a potential upside of 11.98% from the company’s current price.

Other equities analysts also recently issued reports about the company. JPMorgan Chase & Co. increased their target price on Anglo American from GBX 3,160 to GBX 3,350 and gave the stock an “underweight” rating in a research report on Friday, July 10th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 4,500 price objective on shares of Anglo American in a research note on Friday, July 31st. Four analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of GBX 3,864.29.

Anglo American Price Performance

Shares of AAL traded up GBX 93 during trading hours on Wednesday, reaching GBX 3,840. The company had a trading volume of 31,189,332 shares, compared to its average volume of 30,533,539. The firm has a 50 day simple moving average of GBX 4,042.25 and a 200-day simple moving average of GBX 3,703.07. The company has a market capitalization of £41.15 billion, a price-to-earnings ratio of -15.24, a PEG ratio of 2.05 and a beta of 0.95. 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 12-month low of GBX 2,639 and a 12-month high of GBX 4,643.80.

Insider Buying and Selling

In other Anglo American news, insider Stuart J. Chambers purchased 446 shares of the business’s stock in a transaction on Tuesday, September 29th. The stock was bought at an average cost of GBX 4,067 per share, with a total value of £18,138.82. Also, insider Magali Anderson acquired 196 shares of Anglo American stock in a transaction on Tuesday, September 29th. The shares were purchased at an average cost of GBX 4,067 per share, with a total value of £7,971.32. Insiders purchased 841 shares of company stock valued at $3,417,995 over the last 90 days. 0.37% of the stock is currently owned by company 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.