Anglo American’s (AAL) “Hold” Rating Reiterated at Berenberg Bank

Berenberg Bank reissued their hold rating on shares of Anglo American (LON:AAL) in a research note published on Wednesday,Digital Look reports. Berenberg Bank currently has a GBX 4,300 price target on the mining company’s stock.

AAL has been the subject of several other reports. JPMorgan Chase & Co. increased their price target on Anglo American from GBX 3,160 to GBX 3,350 and gave the company 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 target on shares of Anglo American in a research report on Friday, July 31st. Four analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of GBX 3,864.29.

Anglo American Price Performance

LON:AAL opened at GBX 3,630.30 on Wednesday. The company has a debt-to-equity ratio of 100.59, a quick ratio of 1.27 and a current ratio of 2.21. The stock’s 50-day simple moving average is GBX 4,048.79 and its 200 day simple moving average is GBX 3,856.16. The company has a market cap of £38.90 billion, a P/E ratio of -14.41, a P/E/G ratio of 2.05 and a beta of 0.95. Anglo American has a 52-week low of GBX 2,639 and a 52-week high of GBX 4,643.80.

Insiders Place Their Bets

In other news, insider Stuart J. Chambers acquired 446 shares of the firm’s 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 £18,138.82. Also, insider Nonkululeko Nyembezi acquired 178 shares of the firm’s stock in a transaction dated Tuesday, September 29th. The stock was purchased at an average cost of GBX 4,067 per share, with a total value of £7,239.26. Over the last three months, insiders have bought 841 shares of company stock valued at $3,417,995. 0.37% of the stock is currently owned by corporate 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.