Anglo American (LON:AAL) Hits New 12-Month High Following Analyst Upgrade

Anglo American plc (LON:AAL)’s share price hit a new 52-week high on Tuesday after Citigroup upgraded the stock to a buy rating. Citigroup now has a GBX 4,500 price target on the stock, up from their previous price target of GBX 3,300. Anglo American traded as high as GBX 3,671 and last traded at GBX 3,665, with a volume of 483953594 shares traded. The stock had previously closed at GBX 3,450.

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

Insider Transactions at Anglo American

In other news, insider Marcelo Bastos acquired 870 shares of the stock in a transaction dated Tuesday, November 18th. The stock was bought at an average price of GBX 2,838 per share, with a total value of £24,690.60. Also, insider Stuart J. Chambers acquired 609 shares of the company’s stock in a transaction that occurred on Monday, December 22nd. The stock was acquired at an average price of GBX 2,882 per share, with a total value of £17,551.38. Insiders have bought a total of 2,017 shares of company stock valued at $5,773,639 over the last three months. Company insiders own 0.37% of the company’s stock.

Anglo American Price Performance

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 simple moving average is GBX 3,117.30 and its two-hundred day simple moving average is GBX 2,748.41. The firm has a market cap of £39.88 billion, a price-to-earnings ratio of -9.58, a P/E/G ratio of 2.05 and a beta of 1.10.

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.