Anglo American (LON:AAL) Price Target Cut to GBX 1,900 by Analysts at Royal Bank Of Canada

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 target lowered by equities research analysts at Royal Bank Of Canada from GBX 2,000 ($27.06) to GBX 1,900 ($25.71) in a report released on Monday, August 4th, Marketbeat.com reports. The firm currently has a "sector perform" rating on the mining company's stock. Royal Bank Of Canada's target price indicates a potential downside of 11.15% from the stock's previous close.

AAL has been the subject of several other reports. Berenberg Bank reiterated a "sell" rating and set a GBX 1,900 ($25.71) target price on shares of Anglo American in a research note on Thursday, July 24th. Citigroup boosted their price target on Anglo American from GBX 2,200 ($29.77) to GBX 2,300 ($31.12) and gave the company a "neutral" rating in a research note on Monday, July 28th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a GBX 2,600 ($35.18) price target on shares of Anglo American in a research note on Monday, July 28th. Finally, JPMorgan Chase & Co. boosted their price target on Anglo American from GBX 1,932 ($26.14) to GBX 2,080 ($28.14) and gave the company a "neutral" rating in a research note on Wednesday, July 30th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of GBX 2,156 ($29.17).

Anglo American Stock Performance

Shares of LON AAL opened at GBX 2,138.32 ($28.93) on Monday. 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 12 month low of GBX 1,900.01 ($25.71) and a 12 month high of GBX 2,999.77 ($40.59). The stock has a 50 day moving average of GBX 2,177.18 and a 200-day moving average of GBX 2,201.54. The company has a market capitalization of £32.52 billion, a P/E ratio of -19.69, a P/E/G ratio of 2.05 and a beta of 1.10.

Insider Activity at Anglo American

In other news, insider Nonkululeko Nyembezi purchased 347 shares of Anglo American stock in a transaction that occurred on Wednesday, June 25th. The stock was acquired at an average cost of GBX 2,044 ($27.66) per share, for a total transaction of £7,092.68 ($9,596.37). Also, insider Stuart J. Chambers acquired 859 shares of the company's stock in a transaction on Wednesday, June 25th. The stock was bought at an average cost of GBX 2,044 ($27.66) per share, with a total value of £17,557.96 ($23,755.87). Insiders bought 1,566 shares of company stock worth $3,203,557 in the last ninety days. 9.78% of the stock is owned by company insiders.

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.