Bank of America Reaffirms Buy Rating for Anglo American (LON:AAL)

Bank of America reaffirmed their buy rating on shares of Anglo American (LON:AAL) in a research report released on Wednesday, Marketbeat reports. They currently have a GBX 3,100 ($39.33) price target on the mining company’s stock.

A number of other analysts also recently issued reports on the stock. JPMorgan Chase & Co. reaffirmed an overweight rating on shares of Anglo American in a report on Tuesday, April 9th. Citigroup reiterated a buy rating and issued a GBX 3,000 ($38.06) price objective on shares of Anglo American in a report on Friday, May 31st. Berenberg Bank reissued a hold rating and set a GBX 3,000 ($38.06) price objective on shares of Anglo American in a report on Wednesday, June 12th. Finally, Royal Bank of Canada upped their target price on Anglo American from GBX 2,300 ($29.18) to GBX 3,100 ($39.33) and gave the stock an outperform rating in a research note on Monday, May 13th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Anglo American presently has an average rating of Moderate Buy and a consensus price target of GBX 2,775.71 ($35.21).

Anglo American Trading Up 0.5 %

Shares of AAL opened at GBX 2,502 ($31.74) on Wednesday. The company has a debt-to-equity ratio of 53.49, a current ratio of 1.85 and a quick ratio of 1.28. Anglo American has a 1-year low of GBX 1,630 ($20.68) and a 1-year high of GBX 2,813 ($35.68). The company has a market capitalization of £30.27 billion, a P/E ratio of 13,900.00, a P/E/G ratio of 2.48 and a beta of 1.22. The firm’s 50 day simple moving average is GBX 2,529.55 and its 200 day simple moving average is GBX 2,107.52.

Insider Transactions at Anglo American

In other Anglo American news, insider John Heasley sold 12,085 shares of the stock in a transaction on Monday, April 15th. The shares were sold at an average price of GBX 2,224 ($28.21), for a total transaction of £268,770.40 ($340,949.38). In other Anglo American news, insider Stuart J. Chambers bought 694 shares of Anglo American stock in a transaction dated Friday, June 21st. The shares were purchased at an average cost of GBX 2,464 ($31.26) per share, with a total value of £17,100.16 ($21,692.45). Also, insider John Heasley sold 12,085 shares of the firm’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of GBX 2,224 ($28.21), for a total value of £268,770.40 ($340,949.38). Over the last 90 days, insiders have bought 704 shares of company stock worth $1,735,051. Insiders own 9.94% of the company’s stock.

Anglo American Company Profile

Anglo American plc operates as a mining company in the United Kingdom and internationally. It explores for rough and polished diamonds, copper, platinum group metals and nickel, steelmaking coal, and iron ore; and nickel, polyhalite, and manganese ores. Anglo American plc was founded in 1917 and is headquartered in London, the United Kingdom.