Citigroup Reiterates “Top Pick” Rating for Anglo American (LON:AAL)

Anglo American (LON:AAL)‘s stock had its “top pick” rating reissued by stock analysts at Citigroup in a research report issued on Thursday, MarketBeat Ratings reports.

AAL has been the subject of several other research reports. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Anglo American from GBX 2,900 ($36.60) to GBX 2,700 ($34.08) and set a “buy” rating for the company in a research note on Monday, September 9th. Berenberg Bank reiterated a “sell” rating and issued a GBX 2,100 ($26.51) price objective on shares of Anglo American in a research report on Thursday, October 24th. Finally, JPMorgan Chase & Co. restated a “neutral” rating on shares of Anglo American in a research report on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of GBX 2,715 ($34.27).

Anglo American Price Performance

Shares of Anglo American stock opened at GBX 2,460.50 ($31.06) on Thursday. The company has a debt-to-equity ratio of 62.94, a current ratio of 1.98 and a quick ratio of 1.28. The company has a market cap of £29.77 billion, a PE ratio of -2,365.87, a price-to-earnings-growth ratio of 2.05 and a beta of 1.10. The firm has a fifty day moving average price of GBX 2,391.56 and a two-hundred day moving average price of GBX 2,356.53. Anglo American has a fifty-two week low of GBX 1,657.60 ($20.92) and a fifty-two week high of GBX 2,813 ($35.50).

Insider Buying and Selling at Anglo American

In other news, insider Marcelo Bastos acquired 1,200 shares of the company’s stock in a transaction dated Tuesday, September 24th. The stock was bought at an average price of GBX 2,131 ($26.90) per share, with a total value of £25,572 ($32,275.65). Insiders have purchased 1,214 shares of company stock worth $2,587,104 over the last three months. Company insiders own 9.78% 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.