Royal Bank of Canada Reiterates Top pick Rating for Anglo American (LON:AAL)

Anglo American (LON:AAL)‘s stock had its “top pick” rating restated by Royal Bank of Canada in a research note issued to investors on Wednesday, ThisIsMoney.Co.Uk reports.

Other analysts have also recently issued research reports about the company. Jefferies Financial Group cut their price objective on Anglo American from GBX 2,500 ($32.67) to GBX 2,200 ($28.75) and set a “buy” rating on the stock in a research note on Friday, October 11th. UBS Group restated a “sell” rating and set a GBX 1,700 ($22.21) price objective (down previously from GBX 1,800 ($23.52)) on shares of Anglo American in a research note on Thursday, September 26th. Liberum Capital cut Anglo American to a “sell” rating in a research note on Friday, September 20th. Barclays restated an “equal weight” rating and set a GBX 2,000 ($26.13) price objective on shares of Anglo American in a research note on Tuesday, August 13th. Finally, Goldman Sachs Group reiterated a “buy” rating on shares of Anglo American in a research report on Tuesday, August 13th. Four research analysts have rated the stock with a sell rating, four have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Anglo American has an average rating of “Hold” and a consensus target price of GBX 2,123.13 ($27.74).

Shares of LON AAL opened at GBX 1,960 ($25.61) on Wednesday. The stock’s 50 day moving average price is GBX 1,880.90 and its two-hundred day moving average price is GBX 1,983.79. Anglo American has a 52-week low of GBX 1,529.80 ($19.99) and a 52-week high of GBX 2,294 ($29.98). The stock has a market capitalization of $27.03 billion and a P/E ratio of 6.13. The company has a quick ratio of 1.55, a current ratio of 2.30 and a debt-to-equity ratio of 33.15.

In related news, insider Byron Elmer Grote purchased 1,000 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were acquired at an average cost of GBX 2,214 ($28.93) per share, for a total transaction of £22,140 ($28,929.83). Insiders have bought a total of 3,023 shares of company stock worth $7,329,891 over the last quarter.

Anglo American Company Profile

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 iron; and nickel and manganese ores, as well as alloys.

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Analyst Recommendations for Anglo American (LON:AAL)

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