Anglo American (LON:AAL) Earns Hold Rating from Berenberg Bank

Key Points

• Berenberg Bank reaffirmed its “hold” rating on Anglo American and maintained a GBX 4,300 price target, implying approximately 11.2% upside.
• Analyst sentiment remains mixed: Anglo American has an average “Hold” rating and a consensus price target of GBX 3,950, with ratings spanning Buy, Hold and Sell.
• The stock opened at GBX 3,867, while insiders purchased 841 shares worth approximately $3.4 million during the last quarter; corporate insiders own 0.37% of the company.

Anglo American (LON:AAL - Get Free Report)'s stock had its "hold" rating reissued by analysts at Berenberg Bank in a research note issued on Wednesday, Digital Look reports. They currently have a GBX 4,300 price target on the mining company's stock. Berenberg Bank's price objective indicates a potential upside of 11.20% from the stock's current price.

Several other research firms have also recently weighed in on AAL. JPMorgan Chase & Co. boosted their price target on Anglo American from GBX 3,160 to GBX 3,350 and gave the stock an "underweight" rating in a report on Friday, July 10th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a GBX 4,500 price objective on shares of Anglo American in a report on Friday, July 31st. Four research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Anglo American currently has an average rating of "Hold" and a consensus price target of GBX 3,950.

Anglo American Stock Performance

Anglo American stock opened at GBX 3,867 on Wednesday. Anglo American has a 12-month low of GBX 2,639 and a 12-month high of GBX 4,643.80. The company has a quick ratio of 1.27, a current ratio of 2.21 and a debt-to-equity ratio of 100.59. The business's 50-day moving average price is GBX 4,063.71 and its two-hundred day moving average price is GBX 3,851.67. The stock has a market cap of £41.43 billion, a PE ratio of -15.35, a P/E/G ratio of 2.05 and a beta of 0.95.

Insider Activity

In other Anglo American news, insider Nonkululeko Nyembezi purchased 178 shares of Anglo American stock in a transaction that occurred on Tuesday, September 29th. The stock was acquired at an average price of GBX 4,067 per share, with a total value of £7,239.26. Also, insider Stuart J. Chambers acquired 446 shares of Anglo American stock in a transaction dated Tuesday, September 29th. The shares were acquired at an average price of GBX 4,067 per share, with a total value of £18,138.82. Insiders purchased 841 shares of company stock worth $3,417,995 in the last quarter. 0.37% of the stock is owned by corporate insiders.

Anglo American Company Profile

Anglo American is a leading global mining company focused on the responsible production of copper, premium iron ore and crop nutrients – future-enabling products that are essential for decarbonising the global economy, improving living standards, and food security. Our portfolio of world-class operations and outstanding resource endowments offers value-accretive growth potential across all three businesses, positioning us to deliver into structurally attractive major demand growth trends. Our integrated approach to sustainability and innovation drives our decision-making across the value chain, from how we discover new resources to how we mine, process, move and market our products to our customers – safely, efficiently and responsibly.

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