Anglo American plc (LON:AAL) Earns “Buy” Rating from Canaccord Genuity
Anglo American plc (LON:AAL)‘s stock had its “buy” rating reiterated by equities researchers at Canaccord Genuity in a report released on Friday. They currently have a GBX 1,650 ($21.55) target price on the mining company’s stock. Canaccord Genuity’s target price points to a potential upside of 49.93% from the stock’s previous close.
Other research analysts have also recently issued research reports about the company. HSBC Holdings plc reiterated a “buy” rating and set a GBX 1,500 ($19.59) price objective on shares of Anglo American plc in a research report on Wednesday, April 5th. Barclays PLC lowered their price objective on Anglo American plc from GBX 1,240 ($16.19) to GBX 1,220 ($15.93) and set an “equal weight” rating on the stock in a research report on Friday, March 24th. Finally, Jefferies Group LLC decreased their price target on Anglo American plc from GBX 1,400 ($18.28) to GBX 1,300 ($16.98) and set a “hold” rating on the stock in a research report on Tuesday, April 18th. One analyst has rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company’s stock. Anglo American plc currently has a consensus rating of “Hold” and an average price target of GBX 1,255.67 ($16.40).
Shares of Anglo American plc (AAL) opened at 1107.50 on Friday. Anglo American plc has a one year low of GBX 763.10 and a one year high of GBX 1,529.01. The firm has a 50-day moving average of GBX 1,047.01 and a 200 day moving average of GBX 1,171.53. The company’s market cap is GBX 14.11 billion.
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In related news, insider Mphu Ramatlapeng acquired 283 shares of the business’s stock in a transaction that occurred on Monday, June 26th. The shares were bought at an average cost of GBX 982 ($12.82) per share, with a total value of £2,779.06 ($3,628.96). Also, insider John Parker acquired 62,696 shares of the business’s stock in a transaction that occurred on Tuesday, May 30th. The stock was bought at an average cost of GBX 1,057 ($13.80) per share, for a total transaction of £662,696.72 ($865,365.27). Over the last ninety days, insiders purchased 63,007 shares of company stock worth $66,578,196.
Anglo American plc Company Profile
Anglo American plc is a mining company. The Company has a portfolio of mining operations and undeveloped resources with a focus on diamonds, copper, platinum group metals (PGMs), and bulk commodities and other minerals. Its segments include De Beers, Platinum, Copper, Nickel, Niobium and Phosphates, Iron Ore and Manganese, Coal, and Corporate and other.
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