Anglo American (AAL) Price Target Raised to GBX 2,400

Anglo American (LON:AAL) had its price objective raised by analysts at Royal Bank of Canada from GBX 2,300 ($30.05) to GBX 2,400 ($31.36) in a note issued to investors on Wednesday, April 10th, ThisIsMoney.Co.Uk reports. The brokerage presently has an “outperform” rating on the mining company’s stock. Royal Bank of Canada’s target price would indicate a potential upside of 21.16% from the company’s previous close.

Several other brokerages also recently issued reports on AAL. JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 2,300 ($30.05) price objective (up from GBX 2,250 ($29.40)) on shares of Anglo American in a research report on Monday, April 8th. Deutsche Bank upgraded Anglo American to a “buy” rating and lifted their price objective for the stock from GBX 2,000 ($26.13) to GBX 2,400 ($31.36) in a research report on Tuesday, April 2nd. Liberum Capital restated a “sell” rating on shares of Anglo American in a research report on Tuesday, April 2nd. Macquarie reiterated an “outperform” rating and issued a GBX 2,020 ($26.39) price target on shares of Anglo American in a report on Friday, February 22nd. Finally, Oddo Securities boosted their price target on Anglo American from GBX 1,800 ($23.52) to GBX 1,900 ($24.83) and gave the company a “neutral” rating in a report on Monday, February 25th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Anglo American currently has a consensus rating of “Hold” and a consensus price target of GBX 2,036.88 ($26.62).

Shares of Anglo American stock traded up GBX 45.20 ($0.59) during trading on Wednesday, hitting GBX 1,980.80 ($25.88). 4,644,846 shares of the company were exchanged, compared to its average volume of 6,120,000. The company has a debt-to-equity ratio of 30.44, a current ratio of 1.95 and a quick ratio of 1.25. Anglo American has a fifty-two week low of GBX 1,433.80 ($18.74) and a fifty-two week high of GBX 2,229.50 ($29.13). The company has a market capitalization of $25.07 billion and a P/E ratio of 7.23.

In other news, insider Stephen Pearce sold 45,952 shares of the company’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of GBX 2,010 ($26.26), for a total transaction of £923,635.20 ($1,206,892.98). Also, insider Marcelo Bastos acquired 940 shares of the company’s stock in a transaction dated Tuesday, April 2nd. The shares were purchased at an average price of GBX 2,119 ($27.69) per share, with a total value of £19,918.60 ($26,027.18). Over the last 90 days, insiders have bought 1,420 shares of company stock valued at $2,952,116.

About Anglo American

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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