Canaccord Genuity reissued their buy rating on shares of Anglo American plc (LON:AAL) in a research note released on Friday morning. The firm currently has a GBX 1,650 ($21.55) target price on the mining company’s stock.
AAL has been the topic of a number of other research reports. J P Morgan Chase & Co reaffirmed an overweight rating and issued a GBX 1,600 ($20.89) price objective (up previously from GBX 1,530 ($19.98)) on shares of Anglo American plc in a research report on Tuesday, May 2nd. Macquarie reaffirmed a neutral rating and issued a GBX 1,215 ($15.87) price objective on shares of Anglo American plc in a research report on Tuesday. HSBC Holdings plc reaffirmed a buy rating and issued a GBX 1,500 ($19.59) price objective on shares of Anglo American plc in a research report on Wednesday, April 5th. BNP Paribas reaffirmed a neutral rating and issued a GBX 1,270 ($16.58) price objective on shares of Anglo American plc in a research report on Tuesday, March 28th. Finally, Credit Suisse Group AG cut their price objective on shares of Anglo American plc from GBX 1,400 ($18.28) to GBX 1,190 ($15.54) and set a neutral rating on the stock in a research report on Wednesday. One research analyst has rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company. Anglo American plc currently has an average rating of Hold and a consensus price target of GBX 1,255.67 ($16.40).
Anglo American plc (AAL) traded down 0.82% during midday trading on Friday, hitting GBX 1091.50. 5,520,447 shares of the stock were exchanged. Anglo American plc has a 12 month low of GBX 763.10 and a 12 month high of GBX 1,529.01. The company’s market cap is GBX 13.90 billion. The firm’s 50 day moving average price is GBX 1,048.21 and its 200 day moving average price is GBX 1,170.98.
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In other Anglo American plc news, insider John Parker acquired 62,696 shares of the company’s stock in a transaction dated Tuesday, May 30th. The shares were acquired at an average cost of GBX 1,057 ($13.80) per share, with a total value of £662,696.72 ($865,365.27). Also, insider Mphu Ramatlapeng acquired 283 shares of the company’s stock in a transaction dated Monday, June 26th. The stock was acquired at an average cost of GBX 982 ($12.82) per share, for a total transaction of £2,779.06 ($3,628.96). Insiders bought a total of 63,007 shares of company stock worth $66,578,196 over the last ninety days.
About Anglo American plc
Anglo American plc is a mining company. The Company has a portfolio of mining operations and undeveloped resources with a focus on diamonds, copper, platinum group metals (PGMs), and bulk commodities and other minerals. Its segments include De Beers, Platinum, Copper, Nickel, Niobium and Phosphates, Iron Ore and Manganese, Coal, and Corporate and other.
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