Anglo American (LON:AAL)‘s stock had its “overweight” rating reaffirmed by investment analysts at JPMorgan Chase & Co. in a report released on Tuesday. They currently have a GBX 1,920 ($26.53) target price on the mining company’s stock. JPMorgan Chase & Co.’s price target points to a potential upside of 11.71% from the company’s previous close.
Several other analysts also recently weighed in on AAL. Liberum Capital reissued a “sell” rating and issued a GBX 750 ($10.36) price target on shares of Anglo American in a research note on Tuesday, October 24th. Canaccord Genuity reissued a “buy” rating and issued a GBX 1,560 ($21.55) price target on shares of Anglo American in a research note on Tuesday, October 24th. Barclays boosted their price target on shares of Anglo American from GBX 1,220 ($16.86) to GBX 1,270 ($17.55) and gave the stock an “equal weight” rating in a research note on Tuesday, October 24th. Deutsche Bank reissued a “sell” rating and issued a GBX 1,300 ($17.96) price target on shares of Anglo American in a research note on Wednesday, October 25th. Finally, Macquarie reissued a “neutral” rating and issued a GBX 1,330 ($18.38) price target on shares of Anglo American in a research note on Wednesday, October 25th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of GBX 1,576.18 ($21.78).
Shares of Anglo American (LON AAL) opened at GBX 1,718.80 ($23.75) on Tuesday. The firm has a market cap of $24,330.00 and a price-to-earnings ratio of 830.34. Anglo American has a one year low of GBX 950.10 ($13.13) and a one year high of GBX 1,795.40 ($24.81).
In other news, insider Philip R. Hampton acquired 666 shares of the firm’s stock in a transaction on Wednesday, December 20th. The shares were purchased at an average price of GBX 1,478 ($20.42) per share, for a total transaction of £9,843.48 ($13,599.72).
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About Anglo American
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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