Anglo American (LON:AAL) Sets New 12-Month High After Analyst Upgrade

Anglo American plc (LON:AAL) shares reached a new 52-week high during trading 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 changing hands. The stock had previously closed at GBX 3,450.

Several other equities analysts have also recently issued reports on AAL. JPMorgan Chase & Co. lifted their price objective on shares of Anglo American from GBX 2,760 to GBX 3,220 and gave the stock a “neutral” rating in a research note on Wednesday, December 3rd. Berenberg Bank lifted their price target on shares of 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 reiterated a “hold” rating and set a GBX 2,500 price objective on shares of Anglo American in a research report on Sunday, December 14th. Finally, UBS Group reissued a “buy” rating and set a GBX 3,500 price objective on shares of Anglo American in a research note on Friday, January 23rd. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Anglo American presently has an average rating of “Moderate Buy” and a consensus price target of GBX 3,045.71.

Insiders Place Their Bets

In other Anglo American news, insider Marcelo Bastos bought 870 shares of the firm’s stock in a transaction dated Tuesday, November 18th. The stock was acquired at an average price of GBX 2,838 per share, with a total value of £24,690.60. Also, insider Magali Anderson purchased 273 shares of the company’s stock in a transaction that occurred on Monday, December 22nd. The shares were acquired at an average cost of GBX 2,882 per share, for a total transaction of £7,867.86. In the last ninety days, insiders acquired 2,017 shares of company stock worth $5,773,639. 0.37% of the stock is currently owned by corporate insiders.

Anglo American Stock Up 6.2%

The stock has a market cap of £39.12 billion, a price-to-earnings ratio of -9.39, a P/E/G ratio of 2.05 and a beta of 1.10. The business has a fifty day moving average of GBX 3,082.76 and a 200 day moving average of GBX 2,731.76. The company has a debt-to-equity ratio of 78.84, a current ratio of 1.98 and a quick ratio of 1.28.

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.