Anglo American's (AAL) "Neutral" Rating Reaffirmed at JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. reaffirmed its "neutral" rating on Anglo American's stock, targeting a price of GBX 2,760, suggesting a potential downside of 5.85% from the current price.
• Analysts' ratings vary, with two rating it as "buy" while three analysts have given it a "hold" rating, with an average consensus target price of GBX 2,512.
• Recent insider activity shows buying from company insiders, specifically purchases made on September 29th with shares bought at around GBX 2,731.

Anglo American (LON:AAL - Get Free Report)'s stock had its "neutral" rating restated by equities researchers at JPMorgan Chase & Co. in a research note issued on Thursday,Digital Look reports. They currently have a GBX 2,760 target price on the mining company's stock. JPMorgan Chase & Co.'s target price suggests a potential downside of 5.85% from the company's current price.

Other equities research analysts have also issued research reports about the stock. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a GBX 2,600 price target on shares of Anglo American in a report on Monday, July 28th. Royal Bank Of Canada dropped their price objective on shares of Anglo American from GBX 2,000 to GBX 1,900 and set a "sector perform" rating on the stock in a research note on Monday, August 4th. Berenberg Bank upgraded shares of Anglo American to a "buy" rating and upped their price objective for the company from GBX 2,300 to GBX 3,000 in a research note on Tuesday, October 7th. Finally, Citigroup upped their price objective on shares of Anglo American from GBX 2,200 to GBX 2,300 and gave the company a "neutral" rating in a research note on Monday, July 28th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Anglo American has an average rating of "Hold" and a consensus target price of GBX 2,512.

Anglo American Price Performance

AAL stock traded down GBX 13.40 on Thursday, hitting GBX 2,931.60. 1,678,561 shares of the company's stock traded hands, compared to its average volume of 5,577,715. Anglo American has a 1-year low of GBX 1,900.01 and a 1-year high of GBX 3,008. The stock has a market cap of £31.33 billion, a price-to-earnings ratio of -751.19, a P/E/G ratio of 2.05 and a beta of 1.10. The stock has a fifty day moving average of GBX 2,472.03 and a 200-day moving average of GBX 2,245.47. The company has a current ratio of 1.98, a quick ratio of 1.28 and a debt-to-equity ratio of 78.84.

Insider Buying and Selling

In related news, insider Magali Anderson purchased 255 shares of Anglo American stock in a transaction on Monday, September 29th. The stock was purchased at an average cost of GBX 2,731 per share, with a total value of £6,964.05. Also, insider Nonkululeko Nyembezi purchased 259 shares of Anglo American stock in a transaction on Monday, September 29th. The stock was bought at an average cost of GBX 2,731 per share, with a total value of £7,073.29. In the last three months, insiders bought 1,188 shares of company stock valued at $3,235,917. Company insiders own 0.43% of the company's stock.

About Anglo American

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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