Berenberg Bank Issues Pessimistic Forecast for Anglo American (LON:AAL) Stock Price

Anglo American (LON:AAL - Free Report) had its price objective lowered by Berenberg Bank from GBX 2,000 ($27.30) to GBX 1,900 ($25.94) in a report issued on Thursday, MarketBeat.com reports. The brokerage currently has a sell rating on the mining company's stock.

Anglo American Trading Down 1.2%

AAL stock traded down GBX 27.32 ($0.37) during trading on Thursday, reaching GBX 2,236.18 ($30.53). The company had a trading volume of 2,788,458 shares, compared to its average volume of 3,529,202. Anglo American has a 52 week low of GBX 1,900.01 ($25.94) and a 52 week high of GBX 2,999.77 ($40.95). The company has a market cap of £34.01 billion, a P/E ratio of -20.59, a PEG ratio of 2.05 and a beta of 1.10. The company has a debt-to-equity ratio of 78.84, a current ratio of 1.98 and a quick ratio of 1.28. The business has a 50 day moving average of GBX 2,139.85 and a 200 day moving average of GBX 2,248.28.

Insider Transactions at Anglo American

In other news, insider Nonkululeko Nyembezi bought 347 shares of the firm's stock in a transaction that occurred on Wednesday, June 25th. The shares were bought at an average cost of GBX 2,044 ($27.90) per share, for a total transaction of £7,092.68 ($9,682.84). Also, insider Magali Anderson purchased 341 shares of the company's stock in a transaction that occurred on Wednesday, June 25th. The stock was bought at an average price of GBX 2,044 ($27.90) per share, with a total value of £6,970.04 ($9,515.41). Insiders bought a total of 1,578 shares of company stock valued at $3,228,564 over the last three months. Corporate insiders own 9.78% of the company's stock.

Anglo American Company Profile

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.