Panmure Gordon Reaffirms “Hold” Rating for Anglo American (LON:AAL)

Anglo American (LON:AAL)‘s stock had its “hold” rating reaffirmed by research analysts at Panmure Gordon in a report released on Sunday,Digital Look reports. They presently have a GBX 2,500 price objective on the mining company’s stock. Panmure Gordon’s price target indicates a potential downside of 11.25% from the stock’s current price.

Several other analysts also recently issued reports on the company. JPMorgan Chase & Co. lifted their target price on Anglo American from GBX 2,760 to GBX 3,220 and gave the company a “neutral” rating in a research note on Wednesday, December 3rd. Berenberg Bank increased their price objective on shares of Anglo American from GBX 3,000 to GBX 3,100 and gave the company a “buy” rating in a report on Thursday, October 30th. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of GBX 2,603.33.

Anglo American Price Performance

LON:AAL opened at GBX 2,817 on Friday. The business’s 50-day simple moving average is GBX 2,852.60 and its two-hundred day simple moving average is GBX 2,478.89. Anglo American has a 52 week low of GBX 1,900.01 and a 52 week high of GBX 3,051. The stock has a market cap of £30.06 billion, a PE ratio of -7.22, a P/E/G ratio of 2.05 and a beta of 1.10. The company has a quick ratio of 1.28, a current ratio of 1.98 and a debt-to-equity ratio of 78.84.

Insider Buying and Selling at Anglo American

In other news, insider Marcelo Bastos acquired 870 shares of the company’s stock in a transaction on Tuesday, November 18th. The stock was bought at an average cost of GBX 2,838 per share, with a total value of £24,690.60. Also, insider Stuart J. Chambers acquired 642 shares of the business’s stock in a transaction on Monday, September 29th. The shares were purchased at an average price of GBX 2,731 per share, for a total transaction of £17,533.02. Insiders bought a total of 2,054 shares of company stock worth $5,702,472 in the last 90 days. 0.43% of the stock is currently 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.