Anglo American (LON:AAL) Earns Buy Rating from Deutsche Bank Aktiengesellschaft

Anglo American (LON:AAL)‘s stock had its “buy” rating reaffirmed by investment analysts at Deutsche Bank Aktiengesellschaft in a report issued on Friday,Digital Look reports. They currently have a GBX 4,500 price target on the mining company’s stock. Deutsche Bank Aktiengesellschaft’s target price points to a potential upside of 17.28% from the company’s current price.

Other equities analysts have also recently issued reports about the stock. Berenberg Bank reduced their price objective on shares of Anglo American from GBX 4,200 to GBX 4,100 and set a “hold” rating on the stock in a research note on Friday, July 24th. JPMorgan Chase & Co. upped their target price on shares of 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. Finally, Jefferies Financial Group reissued a “buy” rating and issued a GBX 5,000 price target on shares of Anglo American in a research note on Tuesday, June 9th. Four investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of GBX 3,668.75.

Anglo American Stock Up 3.0%

Shares of LON:AAL opened at GBX 3,837 on Friday. Anglo American has a one year low of GBX 2,042 and a one year high of GBX 4,239. The company has a 50 day moving average of GBX 3,767.30 and a 200-day moving average of GBX 3,576.68. The company has a debt-to-equity ratio of 86.09, a current ratio of 1.98 and a quick ratio of 1.27. The stock has a market cap of £41.11 billion, a price-to-earnings ratio of -11.63, a P/E/G ratio of 2.05 and a beta of 0.97.

Insider Activity

In other news, insider Magali Anderson purchased 213 shares of the business’s stock in a transaction that occurred on Tuesday, June 23rd. The shares were acquired at an average cost of GBX 3,725 per share, for a total transaction of £7,934.25. Also, insider Nonkululeko Nyembezi acquired 194 shares of the firm’s stock in a transaction that occurred on Tuesday, June 23rd. The shares were purchased at an average price of GBX 3,725 per share, with a total value of £7,226.50. Insiders purchased a total of 912 shares of company stock valued at $3,399,843 in the last ninety days. 0.43% of the stock is owned by 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.