Anglo American (LON:AAL) Rating Reiterated by Royal Bank of Canada

Royal Bank of Canada reissued their top pick rating on shares of Anglo American (LON:AAL) in a report published on Monday, Digital Look reports. The firm currently has a GBX 2,650 ($34.86) price target on the mining company’s stock.

Other analysts have also issued research reports about the stock. Societe Generale lowered shares of Anglo American to a hold rating and lowered their price objective for the stock from GBX 2,360 ($31.04) to GBX 2,230 ($29.33) in a research report on Monday, December 16th. Credit Suisse Group reissued a neutral rating on shares of Anglo American in a research report on Friday, December 13th. Bank of America restated a buy rating on shares of Anglo American in a research note on Tuesday, October 8th. Jefferies Financial Group lifted their price target on shares of Anglo American from GBX 2,200 ($28.94) to GBX 2,400 ($31.57) and gave the stock a buy rating in a report on Wednesday, October 23rd. Finally, Deutsche Bank reiterated a buy rating on shares of Anglo American in a research note on Thursday, January 9th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Anglo American currently has a consensus rating of Hold and a consensus price target of GBX 2,203.13 ($28.98).

AAL opened at GBX 2,157.50 ($28.38) on Monday. Anglo American has a fifty-two week low of GBX 1,654.80 ($21.77) and a fifty-two week high of GBX 2,294 ($30.18). The firm has a 50-day moving average of GBX 2,158.27 and a 200 day moving average of GBX 2,004.30. The company has a debt-to-equity ratio of 33.15, a quick ratio of 1.55 and a current ratio of 2.30. The firm has a market cap of $28.96 billion and a P/E ratio of 6.74.

In other news, insider Jim Rutherford acquired 1,078 shares of the company’s stock in a transaction that occurred on Wednesday, December 18th. The shares were acquired at an average price of GBX 2,183 ($28.72) per share, for a total transaction of £23,532.74 ($30,955.99). In the last quarter, insiders purchased 1,092 shares of company stock worth $2,382,681.

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.

Further Reading: Cost of Goods Sold (COGS)

Analyst Recommendations for Anglo American (LON:AAL)

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