On November 18, 2023, an insider of Anglo American plc, Marcelo Bastos, acquired 870 shares of the mining company’s stock for a total of £24,690.60. The shares were purchased at an average price of GBX 2,838 each. This transaction comes at a time when the stock has shown a slight decline, opening at GBX 2,740.29 on Friday, reflecting a decrease of 0.6%.
Anglo American, which boasts a market capitalization of £29.28 billion, currently has a price-to-earnings (P/E) ratio of -7.02 and a P/E/G ratio of 2.05. The company maintains a debt-to-equity ratio of 78.84, alongside a current ratio of 1.98 and a quick ratio of 1.28. The firm’s fifty-day moving average stands at GBX 2,781.92, while its two-hundred-day moving average is GBX 2,395.64. Over the past year, the stock has fluctuated, reaching a low of GBX 1,900.01 and a high of GBX 3,008.
Analyst Ratings Reflect Mixed Sentiment
Recent evaluations from financial analysts illustrate a divided outlook on Anglo American’s stock. Berenberg Bank raised its target price from GBX 3,000 to GBX 3,100 and assigned a “buy” rating on October 30, 2023. Conversely, the Royal Bank of Canada reduced its price target from GBX 2,000 to GBX 1,900, assigning a “sector perform” rating on August 4, 2023.
Additionally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating, setting a price objective of GBX 2,600 on July 28, 2023. Citigroup also increased its target price from GBX 2,200 to GBX 2,300, giving the stock a “neutral” rating on the same date. Meanwhile, JPMorgan Chase & Co. reaffirmed a “neutral” rating with a target price of GBX 2,760 on October 16, 2023. Overall, two analysts have rated the stock as a buy, while three maintain a hold rating.
According to data from MarketBeat.com, the stock currently holds an average rating of “Hold” with a target price of approximately GBX 2,532.
About Anglo American
Anglo American is a prominent global mining firm dedicated to the responsible extraction of copper, premium iron ore, and crop nutrients. These products are essential for advancing global decarbonization efforts, enhancing living standards, and ensuring food security. The company’s diverse portfolio and resource-rich operations position it to capitalize on significant demand growth trends.
Through its integrated approach to sustainability and innovation, Anglo American aims to optimize its operations, from resource discovery to the mining, processing, and marketing of its products. This strategy underscores the company’s commitment to conducting business safely, efficiently, and responsibly.
