Anglo American’s (AAL) “Neutral” Rating Reiterated at JPMorgan Chase & Co.

JPMorgan Chase & Co. restated their neutral rating on shares of Anglo American (LON:AAL) in a report released on Wednesday morning, MarketBeat.com reports. JPMorgan Chase & Co. currently has a GBX 1,980 price target on the mining company’s stock.

Other analysts also recently issued research reports about the stock. Berenberg Bank reaffirmed a “sell” rating and set a GBX 1,900 target price on shares of Anglo American in a report on Thursday, July 24th. Royal Bank Of Canada reduced their target price on shares of Anglo American from GBX 2,000 to GBX 1,900 and set a “sector perform” rating for the company in a report on Monday, August 4th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 2,600 target price on shares of Anglo American in a report on Monday, July 28th. Finally, Citigroup lifted their target price on shares of Anglo American from GBX 2,200 to GBX 2,300 and gave the stock a “neutral” rating in a report on Monday, July 28th. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Anglo American has an average rating of “Hold” and a consensus target price of GBX 2,136.

Anglo American Stock Performance

LON AAL opened at GBX 2,171.79 on Wednesday. The firm has a market cap of £33.03 billion, a price-to-earnings ratio of -20.00, a PEG ratio of 2.05 and a beta of 1.10. The company has a 50 day moving average of GBX 2,175.70 and a 200-day moving average of GBX 2,193.42. Anglo American has a 1-year low of GBX 1,900.01 and a 1-year high of GBX 2,999.77. The company has a current ratio of 1.98, a quick ratio of 1.28 and a debt-to-equity ratio of 78.84.

Insider Buying and Selling at Anglo American

In other Anglo American news, insider Magali Anderson acquired 341 shares of the business’s stock in a transaction on Wednesday, June 25th. The stock was purchased at an average price of GBX 2,044 per share, with a total value of £6,970.04. Also, insider Stuart J. Chambers acquired 859 shares of the business’s stock in a transaction on Wednesday, June 25th. The stock was acquired at an average cost of GBX 2,044 per share, with a total value of £17,557.96. Insiders acquired 1,579 shares of company stock valued at $3,231,325 in the last quarter. Company insiders own 9.78% 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.