Anglo American (LON:AAL) Stock Gets Price Target Cut from Deutsche Bank Aktiengesellschaft

Anglo American (LON:AAL) had its price target trimmed by Deutsche Bank Aktiengesellschaft from GBX 4,700 to GBX 3,900 in a research report sent to investors on Wednesday morning,Digital Look reports. The firm currently has a buy rating on the mining company’s stock.

A number of other equities research analysts also recently weighed in on AAL. Berenberg Bank reissued a “hold” rating and set a GBX 4,300 price target on shares of Anglo American in a research note on Wednesday. JPMorgan Chase & Co. raised their price objective on shares of Anglo American from GBX 3,160 to GBX 3,350 and gave the company an “underweight” rating in a research note on Friday, July 10th. Four equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of GBX 3,864.29.

Anglo American Stock Up 0.1%

Shares of LON AAL opened at GBX 3,630.30 on Wednesday. Anglo American has a 1 year low of GBX 2,639 and a 1 year high of GBX 4,643.80. The firm’s 50-day moving average is GBX 4,048.79 and its 200-day moving average is GBX 3,856.16. The company has a current ratio of 2.21, a quick ratio of 1.27 and a debt-to-equity ratio of 100.59. The firm has a market capitalization of £38.90 billion, a PE ratio of -14.41, a price-to-earnings-growth ratio of 2.05 and a beta of 0.95.

Insider Activity at Anglo American

In related news, insider Nonkululeko Nyembezi bought 178 shares of the business’s stock in a transaction on Tuesday, September 29th. The shares were purchased at an average price of GBX 4,067 per share, with a total value of £7,239.26. Also, insider Stuart J. Chambers bought 446 shares of Anglo American stock in a transaction on Tuesday, September 29th. The shares were bought at an average price of GBX 4,067 per share, for a total transaction of £18,138.82. Over the last quarter, insiders purchased 841 shares of company stock worth $3,417,995. 0.37% 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.