Anglo American’s (AAL) “Buy” Rating Reaffirmed at Bank of America

Bank of America reiterated their buy rating on shares of Anglo American (LON:AAL) in a research note released on Wednesday morning, MarketBeat Ratings reports. Bank of America currently has a GBX 3,100 ($39.33) price objective on the mining company’s stock.

A number of other research firms also recently commented on AAL. JPMorgan Chase & Co. reiterated an overweight rating on shares of Anglo American in a research note on Tuesday, April 9th. Royal Bank of Canada upped their price objective on Anglo American from GBX 2,300 ($29.18) to GBX 3,100 ($39.33) and gave the company an outperform rating in a research note on Monday, May 13th. Berenberg Bank reiterated a hold rating and issued a GBX 3,000 ($38.06) target price on shares of Anglo American in a research report on Wednesday, June 12th. Finally, Citigroup reiterated a buy rating and issued a GBX 3,000 ($38.06) price target on shares of Anglo American in a report on Friday, May 31st. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus target price of GBX 2,918.57 ($37.02).

Anglo American Stock Performance

LON:AAL opened at GBX 2,478.50 ($31.44) on Wednesday. The firm has a 50-day moving average of GBX 2,516.93 and a two-hundred day moving average of GBX 2,096.98. The company has a debt-to-equity ratio of 53.49, a current ratio of 1.85 and a quick ratio of 1.28. The stock has a market cap of £29.99 billion, a P/E ratio of 14,041.67, a PEG ratio of 2.48 and a beta of 1.22. Anglo American has a 1-year low of GBX 1,630 ($20.68) and a 1-year high of GBX 2,813 ($35.68).

Insider Activity at Anglo American

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

About Anglo American

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.