Anglo American (LON:AAL) had its target price hoisted by equities research analysts at JPMorgan Chase & Co. from GBX 1,620 ($22.71) to GBX 1,670 ($23.42) in a research report issued to clients and investors on Thursday, January 11th. The brokerage presently has an “overweight” rating on the mining company’s stock. JPMorgan Chase & Co.’s price target suggests a potential upside of 0.99% from the stock’s current price.
A number of other research firms also recently weighed in on AAL. Liberum Capital reaffirmed a “sell” rating and set a GBX 750 ($10.52) price target on shares of Anglo American in a research note on Tuesday, October 24th. Deutsche Bank downgraded Anglo American to a “sell” rating and upped their price target for the stock from GBX 1,080 ($15.14) to GBX 1,250 ($17.53) in a research note on Monday, September 25th. Canaccord Genuity reissued a “buy” rating and issued a GBX 1,560 ($21.87) price objective on shares of Anglo American in a research note on Tuesday, October 24th. Macquarie reissued a “neutral” rating and issued a GBX 1,250 ($17.53) price objective on shares of Anglo American in a research note on Thursday, September 14th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a GBX 1,950 ($27.34) price objective on shares of Anglo American in a research note on Thursday, December 21st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of GBX 1,538.61 ($21.57).
Shares of Anglo American (AAL) traded up GBX 5.60 ($0.08) during trading on Thursday, hitting GBX 1,653.60 ($23.19). The company had a trading volume of 6,249,870 shares, compared to its average volume of 4,980,000. Anglo American has a 52 week low of GBX 950.10 ($13.32) and a 52 week high of GBX 1,795.40 ($25.17). The company has a market cap of $23,230.00 and a price-to-earnings ratio of 806.63.
In other Anglo American news, insider Philip R. Hampton acquired 666 shares of the stock in a transaction that occurred on Wednesday, December 20th. The shares were bought at an average price of GBX 1,478 ($20.72) per share, for a total transaction of £9,843.48 ($13,801.85). Insiders purchased 687 shares of company stock worth $1,014,661 in the last quarter.
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Anglo American Company Profile
Anglo American plc is a mining company. The Company has a portfolio of mining operations and undeveloped resources with a focus on diamonds, copper, platinum group metals (PGMs), and bulk commodities and other minerals. Its segments include De Beers, Platinum, Copper, Nickel, Niobium and Phosphates, Iron Ore and Manganese, Coal, and Corporate and other.
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