Barclays reaffirmed their equal weight rating on shares of Anglo American (LON:AAL) in a report published on Thursday morning, Digital Look reports. Barclays currently has a GBX 2,000 ($26.13) price objective on the mining company’s stock.
Several other brokerages have also recently commented on AAL. Bank of America reaffirmed a buy rating on shares of Anglo American in a research report on Tuesday, October 8th. DZ Bank increased their price target on shares of Anglo American from GBX 1,580 ($20.65) to GBX 1,600 ($20.91) and gave the stock a sell rating in a research report on Wednesday, October 30th. Goldman Sachs Group cut shares of Anglo American to a neutral rating and reduced their price target for the stock from GBX 2,300 ($30.05) to GBX 2,200 ($28.75) in a research report on Thursday, November 7th. Royal Bank of Canada reaffirmed a top pick rating on shares of Anglo American in a research report on Wednesday, October 23rd. Finally, Deutsche Bank reaffirmed a buy rating on shares of Anglo American in a research report on Tuesday, November 5th. Four research analysts have rated the stock with a sell rating, five have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Anglo American presently has a consensus rating of Hold and an average target price of GBX 2,110.33 ($27.58).
Shares of AAL stock traded up GBX 16 ($0.21) during trading hours on Thursday, hitting GBX 2,037.50 ($26.62). 2,307,768 shares of the company were exchanged, compared to its average volume of 6,120,000. The company has a debt-to-equity ratio of 33.15, a quick ratio of 1.55 and a current ratio of 2.30. Anglo American has a one year low of GBX 1,529.80 ($19.99) and a one year high of GBX 2,294 ($29.98). The business’s 50-day simple moving average is GBX 1,955.52 and its two-hundred day simple moving average is GBX 1,968.27. The stock has a market capitalization of $27.85 billion and a price-to-earnings ratio of 6.37.
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.
Recommended Story: How liquidity affects the bid-ask spread
Receive News & Ratings for Anglo American Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Anglo American and related companies with MarketBeat.com's FREE daily email newsletter.