Berenberg Bank Reaffirms "Sell" Rating for Anglo American (LON:AAL)

Key Points

• Berenberg Bank has issued a "sell" rating for Anglo American (LON:AAL) with a price target of GBX 1,900 ($25.67), indicating a potential downside of 17.68% from the current stock price.
• Anglo American's shares are trading down by 0.8%, currently priced at GBX 2,308 ($31.18), with a market capitalization of £35.10 billion.
• Insiders at Anglo American have recently purchased shares, with Stuart J. Chambers and Magali Anderson each acquiring shares at an average price of GBX 2,044 ($27.61).
• Company insiders own 9.78% of the stock, reflecting their confidence in the company's future performance.

Berenberg Bank reaffirmed their sell rating on shares of Anglo American (LON:AAL - Free Report) in a research note published on Thursday morning, MarketBeat Ratings reports. They currently have a GBX 1,900 ($25.38) price objective on the mining company's stock.

Anglo American Stock Down 1.6%

Shares of Anglo American stock traded down GBX 36 ($0.48) during trading on Thursday, hitting GBX 2,227 ($29.75). 4,937,489 shares of the stock were exchanged, compared to its average volume of 3,511,534. The stock has a market cap of £33.87 billion, a price-to-earnings ratio of -20.51, a price-to-earnings-growth ratio of 2.05 and a beta of 1.10. The firm's 50-day moving average price is GBX 2,189.09 and its 200 day moving average price is GBX 2,231.01. Anglo American has a 12-month low of GBX 1,900.01 ($25.38) and a 12-month high of GBX 2,999.77 ($40.08). The company has a debt-to-equity ratio of 78.84, a current ratio of 1.98 and a quick ratio of 1.28.

Insider Activity at Anglo American

In other Anglo American news, insider Stuart J. Chambers acquired 859 shares of the company's stock in a transaction on Wednesday, June 25th. The shares were bought at an average cost of GBX 2,044 ($27.31) per share, for a total transaction of £17,557.96 ($23,457.53). Also, insider Magali Anderson acquired 341 shares of the company's stock in a transaction on Wednesday, June 25th. The stock was acquired at an average price of GBX 2,044 ($27.31) per share, for a total transaction of £6,970.04 ($9,312.01). Insiders purchased a total of 1,579 shares of company stock valued at $3,232,235 over the last ninety days. Insiders own 9.78% of the company's stock.

About Anglo American

Anglo American is a leading global mining company and our products are the essential ingredients in almost every aspect of modern life. Our portfolio of world-class competitive operations, with a broad range of future development options, provides many of the future-enabling metals and minerals for a cleaner, greener, more sustainable world and that meet the fast growing every day demands of billions of consumers.