Citigroup Upgrades Anglo American (LON:AAL) to Buy

Anglo American (LON:AAL) was upgraded by equities researchers at Citigroup to a “buy” rating in a report issued on Monday, Marketbeat.com reports. The firm currently has a GBX 4,500 price target on the mining company’s stock, up from their previous price target of GBX 3,300. Citigroup’s price target suggests a potential upside of 24.62% from the company’s current price.

AAL has been the topic of a number of other reports. JPMorgan Chase & Co. increased their price objective on shares of Anglo American from GBX 2,760 to GBX 3,220 and gave the company a “neutral” rating in a research note on Wednesday, December 3rd. Berenberg Bank upped their price target on shares of Anglo American from GBX 3,000 to GBX 3,100 and gave the company a “buy” rating in a report on Thursday, October 30th. UBS Group reiterated a “buy” rating and issued a GBX 3,500 price target on shares of Anglo American in a research report on Friday, January 23rd. Finally, Panmure Gordon restated a “hold” rating and set a GBX 2,500 price objective on shares of Anglo American in a research report on Sunday, December 14th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 3,045.71.

Anglo American Trading Up 4.7%

Shares of AAL stock opened at GBX 3,611 on Monday. The company has a market capitalization of £38.54 billion, a P/E ratio of -9.25, a price-to-earnings-growth ratio of 2.05 and a beta of 1.10. The company has a current ratio of 1.98, a quick ratio of 1.28 and a debt-to-equity ratio of 78.84. The business’s 50 day moving average is GBX 3,099.50 and its two-hundred day moving average is GBX 2,741.45. Anglo American has a twelve month low of GBX 1,900.01 and a twelve month high of GBX 3,700.

Insider Activity at Anglo American

In other news, insider Magali Anderson acquired 273 shares of the business’s stock in a transaction dated Monday, December 22nd. The shares were bought at an average cost of GBX 2,882 per share, for a total transaction of £7,867.86. Also, insider Nonkululeko Nyembezi acquired 246 shares of Anglo American stock in a transaction dated Monday, December 22nd. The stock was purchased at an average cost of GBX 2,882 per share, for a total transaction of £7,089.72. Insiders have bought a total of 2,017 shares of company stock valued at $5,773,639 in the last ninety days. 0.37% of the stock is owned by company insiders.

Anglo American Company Profile

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.