JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Anglo American (LON:AAL) Stock

Anglo American (LON:AAL) had its target price raised by research analysts at JPMorgan Chase & Co. from GBX 2,760 to GBX 3,220 in a research note issued on Wednesday, Marketbeat reports. The firm currently has a “neutral” rating on the mining company’s stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 9.39% from the company’s previous close.

Separately, Berenberg Bank lifted their price objective on Anglo American from GBX 3,000 to GBX 3,100 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of GBX 2,624.

Anglo American Price Performance

Shares of LON AAL opened at GBX 2,943.73 on Wednesday. The company has a market capitalization of £31.46 billion, a PE ratio of -7.54, a P/E/G ratio of 2.05 and a beta of 1.10. The company has a quick ratio of 1.28, a current ratio of 1.98 and a debt-to-equity ratio of 78.84. Anglo American has a twelve month low of GBX 1,900.01 and a twelve month high of GBX 3,008. The firm has a fifty day simple moving average of GBX 2,834.76 and a 200 day simple moving average of GBX 2,445.

Insider Transactions at Anglo American

In other news, insider Magali Anderson acquired 255 shares of the firm’s stock in a transaction dated Monday, September 29th. The stock was purchased at an average price of GBX 2,731 per share, for a total transaction of £6,964.05. Also, insider Nonkululeko Nyembezi bought 259 shares of the stock in a transaction dated Monday, September 29th. The shares were purchased at an average cost of GBX 2,731 per share, for a total transaction of £7,073.29. Insiders have acquired a total of 2,054 shares of company stock worth $5,702,472 in the last three months. Insiders own 0.43% of the company’s stock.

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.