Anglo American (LON:AAL)‘s stock had its “outperform” rating reaffirmed by equities research analysts at Royal Bank of Canada in a research note issued on Tuesday. They currently have a GBX 1,850 ($24.17) target price on the mining company’s stock. Royal Bank of Canada’s price target indicates a potential upside of 10.16% from the stock’s previous close.
Several other analysts have also commented on AAL. Credit Suisse Group reissued a “neutral” rating on shares of Anglo American in a research report on Wednesday, September 5th. UBS Group reissued a “neutral” rating and set a GBX 1,650 ($21.56) price target on shares of Anglo American in a research report on Friday, September 7th. JPMorgan Chase & Co. increased their price target on shares of Anglo American from GBX 2,170 ($28.35) to GBX 2,290 ($29.92) and gave the company an “overweight” rating in a research report on Monday, September 10th. Citigroup reissued a “buy” rating on shares of Anglo American in a research report on Wednesday, September 12th. Finally, HSBC reissued a “buy” rating on shares of Anglo American in a research report on Wednesday, September 12th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of GBX 1,917.86 ($25.06).
AAL stock opened at GBX 1,679.40 ($21.94) on Tuesday. Anglo American has a one year low of GBX 950.10 ($12.41) and a one year high of GBX 1,870 ($24.43).
In other Anglo American news, insider Tony O’Neill purchased 1,611 shares of the business’s stock in a transaction that occurred on Friday, September 21st. The shares were bought at an average price of GBX 1,739 ($22.72) per share, for a total transaction of £28,015.29 ($36,606.94).
About Anglo American
Anglo American plc, together with its subsidiaries, engages in exploring, mining, and processing various metals and minerals worldwide. The company explores for rough and polished diamonds, copper, platinum group metals, metallurgical and thermal coal, and nickel; and iron and manganese ores, as well as alloys.
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