Royal Bank of Canada Reiterates “Top pick” Rating for Anglo American (LON:AAL)

Anglo American (LON:AAL)‘s stock had its “top pick” rating reiterated by Royal Bank of Canada in a report released on Friday, ThisIsMoney.Co.Uk reports. They presently have a GBX 2,500 ($32.67) price objective on the mining company’s stock, up from their prior price objective of GBX 2,400 ($31.36). Royal Bank of Canada’s price target points to a potential upside of 11.91% from the stock’s current price.

Several other equities analysts have also issued reports on the company. Morgan Stanley set a $70.00 price target on Edison International and gave the stock a “hold” rating in a research report on Monday, July 15th. JPMorgan Chase & Co. lifted their price target on from GBX 2,300 ($30.05) to GBX 2,900 ($37.89) and gave the stock a “neutral” rating in a research report on Friday, July 5th. Barclays reaffirmed an “underweight” rating on shares of in a research report on Thursday, July 4th. UBS Group lowered CR AGRICOLE S A/ADR from a “buy” rating to a “neutral” rating in a research report on Monday, May 20th. Finally, HSBC started coverage on Tullow Oil in a research report on Tuesday, May 28th. They issued a “hold” rating for the company. Three analysts have rated the stock with a sell rating, four have issued a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of GBX 2,172.67 ($28.39).

AAL opened at GBX 2,234 ($29.19) on Friday. The stock has a 50-day moving average of GBX 2,116.45. The company has a current ratio of 1.95, a quick ratio of 1.25 and a debt-to-equity ratio of 30.44. The stock has a market cap of $31.39 billion and a price-to-earnings ratio of 8.15. Anglo American has a 1 year low of GBX 1,433.80 ($18.74) and a 1 year high of GBX 2,294 ($29.98).

In other Anglo American news, insider Stuart J. Chambers bought 4,650 shares of the firm’s stock in a transaction on Thursday, June 20th. The stock was acquired at an average price of GBX 2,157 ($28.19) per share, with a total value of £100,300.50 ($131,060.37). In the last three months, insiders acquired 4,665 shares of company stock valued at $10,060,464.

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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Analyst Recommendations for Anglo American (LON:AAL)

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