Bank of America reaffirmed their buy rating on shares of Anglo American (LON:AAL – Free Report) 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).
Read Our Latest Research Report on Anglo American
Anglo American Trading Up 0.5 %
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.
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