Anglo American (LON:AAL) Price Target Raised to GBX 3,220

Anglo American (LON:AAL) had its price target lifted by JPMorgan Chase & Co. from GBX 2,760 to GBX 3,220 in a research note issued to investors on Wednesday, Marketbeat reports. They currently have a neutral rating on the mining company’s stock.

Separately, Berenberg Bank lifted their target price on shares of Anglo American from GBX 3,000 to GBX 3,100 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of GBX 2,624.

Anglo American Stock Up 1.7%

Shares of LON:AAL opened at GBX 3,000.48 on Wednesday. Anglo American has a 12-month low of GBX 1,900.01 and a 12-month high of GBX 3,051. The company has a current ratio of 1.98, a quick ratio of 1.28 and a debt-to-equity ratio of 78.84. The stock’s 50-day moving average price is GBX 2,840.87 and its 200-day moving average price is GBX 2,451.46. The stock has a market capitalization of £32.02 billion, a P/E ratio of -7.69, a price-to-earnings-growth ratio of 2.05 and a beta of 1.10.

Insider Buying and Selling

In related news, insider Stuart J. Chambers purchased 642 shares of the company’s stock in a transaction on Monday, September 29th. The stock was acquired at an average cost of GBX 2,731 per share, for a total transaction of £17,533.02. Also, insider Magali Anderson bought 255 shares of the company’s stock in a transaction that occurred on Monday, September 29th. The stock was bought at an average price of GBX 2,731 per share, with a total value of £6,964.05. Insiders purchased a total of 2,054 shares of company stock valued at $5,702,472 over the last quarter. 0.43% of the stock is currently owned by company 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.