Royal Bank of Canada reaffirmed their top pick rating on shares of Anglo American (LON:AAL) in a research report report published on Friday, ThisIsMoney.Co.Uk reports. Royal Bank of Canada currently has a GBX 2,500 ($32.67) target price on the mining company’s stock, up from their previous target price of GBX 2,400 ($31.36).
A number of other research analysts have also commented on AAL. BNP Paribas upgraded shares of Antofagasta from a neutral rating to an outperform rating in a research note on Thursday, March 21st. Barclays reiterated an underweight rating on shares of in a research note on Thursday, July 4th. HSBC assumed coverage on shares of Tullow Oil in a research note on Tuesday, May 28th. They set a hold rating on the stock. UBS Group lowered shares of CR AGRICOLE S A/ADR from a buy rating to a neutral rating in a research note on Monday, May 20th. Finally, Goldman Sachs Group upgraded shares of Martin Marietta Materials from a neutral rating to a buy rating and raised their price objective for the company from $207.00 to $232.00 in a research note on Thursday, April 11th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company’s stock. The company has an average rating of Buy and a consensus price target of GBX 2,172.67 ($28.39).
Shares of LON AAL opened at GBX 2,234 ($29.19) on Friday. The company has a quick ratio of 1.25, a current ratio of 1.95 and a debt-to-equity ratio of 30.44. The stock has a 50-day simple moving average of GBX 2,116.45. Anglo American has a 52-week low of GBX 1,433.80 ($18.74) and a 52-week high of GBX 2,294 ($29.98). The company has a market capitalization of $31.39 billion and a PE ratio of 8.15.
In related news, insider Stuart J. Chambers bought 4,650 shares of the firm’s stock in a transaction on Thursday, June 20th. The stock was bought at an average price of GBX 2,157 ($28.19) per share, with a total value of £100,300.50 ($131,060.37). Insiders have acquired a total of 4,665 shares of company stock valued at $10,060,464 in the last three months.
About Anglo American
Anglo American plc, together with its subsidiaries, engages in exploring, mining, and processing various metals and minerals worldwide. The company explores for rough and polished diamonds, copper, platinum group metals, metallurgical and thermal coal, and iron; and nickel and manganese ores, as well as alloys.
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