Anglo American plc’s (LON:AAL) “Buy” Rating Reiterated at HSBC Holdings plc

Anglo American plc (LON:AAL)‘s stock had its “buy” rating reissued by stock analysts at HSBC Holdings plc in a note issued to investors on Friday. They presently have a GBX 1,250 ($16.32) price objective on the mining company’s stock. HSBC Holdings plc’s price objective would suggest a potential upside of 13.58% from the stock’s previous close.

Several other research analysts also recently commented on AAL. Barclays PLC decreased their price objective on Anglo American plc from GBX 1,240 ($16.19) to GBX 1,220 ($15.93) and set an “equal weight” rating on the stock in a report on Friday, March 24th. Citigroup Inc. decreased their price objective on Anglo American plc from GBX 1,450 ($18.93) to GBX 1,400 ($18.28) and set a “neutral” rating on the stock in a report on Monday, March 27th. BNP Paribas reiterated a “neutral” rating and issued a GBX 1,270 ($16.58) price objective on shares of Anglo American plc in a report on Tuesday, March 28th. Liberum Capital reiterated a “sell” rating and issued a GBX 750 ($9.79) price objective on shares of Anglo American plc in a report on Tuesday, April 11th. Finally, Jefferies Group LLC decreased their price objective on Anglo American plc from GBX 1,400 ($18.28) to GBX 1,300 ($16.98) and set a “hold” rating on the stock in a report on Tuesday, April 18th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of GBX 1,255.67 ($16.40).

Shares of Anglo American plc (LON:AAL) opened at 1104.00 on Friday. Anglo American plc has a 12 month low of GBX 763.10 and a 12 month high of GBX 1,529.01. The company’s 50-day moving average price is GBX 1,047.01 and its 200-day moving average price is GBX 1,171.53. The company’s market cap is GBX 14.06 billion.

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In other news, insider Mphu Ramatlapeng bought 283 shares of the company’s stock in a transaction that occurred on Monday, June 26th. The stock was bought at an average price of GBX 982 ($12.82) per share, with a total value of £2,779.06 ($3,628.96). Also, insider John Parker bought 62,696 shares of the company’s stock in a transaction that occurred on Tuesday, May 30th. The stock was purchased at an average cost of GBX 1,057 ($13.80) per share, with a total value of £662,696.72 ($865,365.27). In the last three months, insiders have bought 63,007 shares of company stock valued at $66,578,196.

About Anglo American plc

Anglo American plc is a mining company. The Company has a portfolio of mining operations and undeveloped resources with a focus on diamonds, copper, platinum group metals (PGMs), and bulk commodities and other minerals. Its segments include De Beers, Platinum, Copper, Nickel, Niobium and Phosphates, Iron Ore and Manganese, Coal, and Corporate and other.