Anglo American plc (LON:AAL – Get Free Report)’s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as GBX 2,835 ($36.82) and last traded at GBX 2,377.50 ($30.88), with a volume of 36512473 shares changing hands. The stock had previously closed at GBX 2,344 ($30.45).
Wall Street Analyst Weigh In
Several brokerages have commented on AAL. Citigroup reaffirmed a “top pick” rating on shares of Anglo American in a research report on Thursday, December 12th. JPMorgan Chase & Co. upped their price objective on Anglo American from GBX 2,160 ($28.06) to GBX 2,190 ($28.45) and gave the company a “neutral” rating in a research report on Wednesday, February 19th. Finally, Berenberg Bank reaffirmed a “sell” rating and issued a GBX 2,100 ($27.28) price objective on shares of Anglo American in a research report on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Anglo American currently has an average rating of “Moderate Buy” and a consensus target price of GBX 2,698.33 ($35.05).
Check Out Our Latest Research Report on AAL
Anglo American Stock Up 1.5 %
Insider Transactions at Anglo American
In related news, insider Duncan Wanblad sold 22,708 shares of the firm’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of GBX 2,388 ($31.02), for a total transaction of £542,267.04 ($704,334.38). Also, insider Nonkululeko Nyembezi acquired 297 shares of the company’s stock in a transaction that occurred on Thursday, December 19th. The shares were bought at an average cost of GBX 2,348 ($30.50) per share, for a total transaction of £6,973.56 ($9,057.75). Corporate insiders own 9.78% of the company’s stock.
About Anglo American
Anglo American is a leading global mining company and our products are the essential ingredients in almost every aspect of modern life. Our portfolio of world-class competitive operations, with a broad range of future development options, provides many of the future-enabling metals and minerals for a cleaner, greener, more sustainable world and that meet the fast growing every day demands of billions of consumers.
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