Royal Bank Of Canada Has Lowered Expectations for Anglo American (LON:AAL) Stock Price

Key Points

• Royal Bank of Canada has lowered its price target for Anglo American from GBX 2,000 to GBX 1,900, indicating a potential downside of 7.50% from the stock's previous close.
• Several analysts have varied opinions, with Berenberg Bank maintaining a "sell" rating, while Deutsche Bank and Citigroup have set higher price targets of GBX 2,600 and GBX 2,300, respectively.
• Company insiders have shown confidence by purchasing shares, with a total of 1,579 shares bought in the last 90 days.

Anglo American (LON:AAL - Get Free Report) had its price objective reduced by equities research analysts at Royal Bank Of Canada from GBX 2,000 ($26.58) to GBX 1,900 ($25.25) in a research report issued on Monday, MarketBeat.com reports. The firm presently has a "sector perform" rating on the mining company's stock. Royal Bank Of Canada's target price would suggest a potential downside of 8.92% from the stock's current price.

AAL has been the subject of several other research reports. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a GBX 2,600 ($34.56) price objective on shares of Anglo American in a research report on Monday, July 28th. JPMorgan Chase & Co. increased their price objective on shares of Anglo American from GBX 1,932 ($25.68) to GBX 2,080 ($27.64) and gave the company a "neutral" rating in a research report on Wednesday, July 30th. Citigroup increased their price objective on shares of Anglo American from GBX 2,200 ($29.24) to GBX 2,300 ($30.57) and gave the company a "neutral" rating in a research report on Monday, July 28th. Finally, Berenberg Bank reaffirmed a "sell" rating and issued a GBX 1,900 ($25.25) price objective on shares of Anglo American in a research report on Thursday, July 24th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of GBX 2,156 ($28.65).

Anglo American Stock Up 0.8%

LON:AAL traded up GBX 16 ($0.21) during trading hours on Monday, hitting GBX 2,086 ($27.72). The stock had a trading volume of 12,081,013 shares, compared to its average volume of 3,575,185. The company has a current ratio of 1.98, a quick ratio of 1.28 and a debt-to-equity ratio of 78.84. Anglo American has a 1-year low of GBX 1,900.01 ($25.25) and a 1-year high of GBX 2,999.77 ($39.87). The business has a 50 day simple moving average of GBX 2,191.36 and a two-hundred day simple moving average of GBX 2,222.92. The company has a market cap of £31.72 billion, a PE ratio of -19.21, a price-to-earnings-growth ratio of 2.05 and a beta of 1.10.

Insider Buying and Selling

In other news, insider Magali Anderson acquired 341 shares of Anglo American stock in a transaction that occurred on Wednesday, June 25th. The shares were purchased at an average cost of GBX 2,044 ($27.17) per share, for a total transaction of £6,970.04 ($9,263.74). Also, insider Stuart J. Chambers acquired 859 shares of Anglo American stock in a transaction that occurred on Wednesday, June 25th. The shares were purchased at an average price of GBX 2,044 ($27.17) per share, for a total transaction of £17,557.96 ($23,335.94). Insiders have bought 1,579 shares of company stock worth $3,232,235 over the last ninety days. 9.78% of the stock is owned by insiders.

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.