UBS Group Reiterates “Buy” Rating for Anglo American (LON:AAL)

Anglo American (LON:AAL)‘s stock had its “buy” rating reaffirmed by research analysts at UBS Group in a report released on Friday, Marketbeat Ratings reports. They currently have a GBX 3,500 target price on the mining company’s stock. UBS Group’s price objective indicates a potential upside of 4.28% from the company’s previous close.

A number of other equities research analysts have also recently weighed in on the company. Panmure Gordon restated a “hold” rating and issued a GBX 2,500 price target on shares of Anglo American in a report on Sunday, December 14th. Berenberg Bank boosted their target price 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. Finally, JPMorgan Chase & Co. upped their target price on Anglo American from GBX 2,760 to GBX 3,220 and gave the company a “neutral” rating in a report on Wednesday, December 3rd. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of GBX 2,731.43.

Anglo American Stock Up 0.4%

AAL stock opened at GBX 3,356.33 on Friday. Anglo American has a fifty-two week low of GBX 1,900.01 and a fifty-two week high of GBX 3,451. The company has a debt-to-equity ratio of 78.84, a quick ratio of 1.28 and a current ratio of 1.98. The firm has a market capitalization of £35.82 billion, a price-to-earnings ratio of -8.60, a PEG ratio of 2.05 and a beta of 1.10. The company’s 50 day moving average price is GBX 2,994.98 and its 200 day moving average price is GBX 2,676.07.

Insiders Place Their Bets

In other Anglo American news, insider Stuart J. Chambers bought 609 shares of the company’s stock in a transaction that occurred on Monday, December 22nd. The stock was purchased at an average cost of GBX 2,882 per share, for a total transaction of £17,551.38. Also, insider Nonkululeko Nyembezi bought 246 shares of Anglo American stock in a transaction that occurred on Monday, December 22nd. The shares were acquired at an average price of GBX 2,882 per share, for a total transaction of £7,089.72. Insiders acquired 2,017 shares of company stock worth $5,773,639 in the last three months. Company insiders own 0.37% 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.