Anglo American (LON:AAL – Free Report) had its price target decreased by JPMorgan Chase & Co. from GBX 2,735 ($34.59) to GBX 2,590 ($32.76) in a research report report published on Wednesday, Marketbeat Ratings reports. JPMorgan Chase & Co. currently has an overweight rating on the mining company’s stock.
A number of other research firms have also issued reports on AAL. Citigroup reissued a buy rating and set a GBX 3,000 ($37.95) price target on shares of Anglo American in a research report on Friday, May 31st. Royal Bank of Canada raised their target price on shares of Anglo American from GBX 2,300 ($29.09) to GBX 3,100 ($39.21) and gave the stock an outperform rating in a report on Monday, May 13th. Bank of America reaffirmed a buy rating and issued a GBX 3,100 ($39.21) price target on shares of Anglo American in a report on Wednesday, June 26th. Finally, Berenberg Bank lowered Anglo American to a sell rating and reduced their price objective for the company from GBX 3,000 ($37.95) to GBX 2,000 ($25.30) in a research note on Wednesday, June 26th. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus price target of GBX 2,752.50 ($34.82).
View Our Latest Report on Anglo American
Anglo American Stock Down 0.1 %
Insider Buying and Selling at Anglo American
In related news, insider Stuart J. Chambers bought 694 shares of the business’s stock in a transaction dated Friday, June 21st. The stock was acquired at an average price of GBX 2,464 ($31.17) per share, with a total value of £17,100.16 ($21,629.34). In other Anglo American news, insider Stuart J. Chambers purchased 694 shares of the stock in a transaction that occurred on Friday, June 21st. The shares were purchased at an average cost of GBX 2,464 ($31.17) per share, for a total transaction of £17,100.16 ($21,629.34). Also, insider John Heasley sold 12,085 shares of the company’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of GBX 2,224 ($28.13), for a total transaction of £268,770.40 ($339,957.50). Insiders have purchased a total of 704 shares of company stock valued at $1,735,051 over the last ninety days. Corporate 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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