A number of other equities analysts have also recently commented on AAL. Deutsche Bank lifted their price target on shares of Anglo American from GBX 2,400 ($31.36) to GBX 2,450 ($32.01) and gave the stock a “buy” rating in a research note on Wednesday, April 10th. Royal Bank of Canada boosted their price objective on shares of Anglo American from GBX 2,300 ($30.05) to GBX 2,400 ($31.36) and gave the stock an “outperform” rating in a research note on Wednesday, April 10th. Goldman Sachs Group reiterated a “conviction-buy” rating and set a GBX 2,700 ($35.28) price objective (up previously from GBX 2,250 ($29.40)) on shares of Anglo American in a research note on Thursday, April 11th. Barclays boosted their price objective on shares of Anglo American from GBX 1,875 ($24.50) to GBX 2,000 ($26.13) and gave the stock an “equal weight” rating in a research note on Friday, April 12th. Finally, HSBC lowered shares of Anglo American to a “hold” rating and boosted their price objective for the stock from GBX 2,200 ($28.75) to GBX 2,340 ($30.58) in a research note on Tuesday, April 16th. Four analysts have rated the stock with a sell rating, six have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of GBX 2,092.67 ($27.34).
Shares of Anglo American stock traded up GBX 3.80 ($0.05) during trading hours on Wednesday, reaching GBX 1,914 ($25.01). The company’s stock had a trading volume of 3,341,869 shares, compared to its average volume of 6,120,000. Anglo American has a one year low of GBX 1,433.80 ($18.74) and a one year high of GBX 2,229.50 ($29.13). The company has a quick ratio of 1.25, a current ratio of 1.95 and a debt-to-equity ratio of 30.44. The company has a market cap of $24.23 billion and a PE ratio of 6.99.
In related news, insider Stephen Pearce sold 45,952 shares of the firm’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of GBX 2,010 ($26.26), for a total transaction of £923,635.20 ($1,206,892.98). Also, insider Marcelo Bastos acquired 940 shares of Anglo American stock in a transaction that occurred on Tuesday, April 2nd. The shares were purchased at an average price of GBX 2,119 ($27.69) per share, for a total transaction of £19,918.60 ($26,027.18). Over the last quarter, insiders have bought 1,420 shares of company stock valued at $2,952,116.
Anglo American Company Profile
Anglo American plc, together with its subsidiaries, engages in exploring, mining, and processing various metals and minerals worldwide. The company explores for rough and polished diamonds, copper, platinum group metals, metallurgical and thermal coal, and iron; and nickel and manganese ores, as well as alloys.
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