JPMorgan Chase & Co. reiterated their overweight rating on shares of Anglo American (LON:AAL) in a research report sent to investors on Friday morning. JPMorgan Chase & Co. currently has a GBX 2,060 ($27.43) target price on the mining company’s stock.
Other analysts have also issued research reports about the stock. Investec upgraded shares of Anglo American to a buy rating in a research report on Friday, March 9th. Jefferies Financial Group raised their target price on shares of Anglo American from GBX 2,000 ($26.63) to GBX 2,300 ($30.62) and gave the company a buy rating in a research report on Tuesday, May 8th. Goldman Sachs Group restated a conviction-buy rating and issued a GBX 2,300 ($30.62) target price on shares of Anglo American in a research report on Monday, March 26th. Deutsche Bank raised their target price on shares of Anglo American from GBX 1,550 ($20.64) to GBX 1,650 ($21.97) and gave the company a hold rating in a research report on Tuesday, March 13th. Finally, HSBC raised their target price on shares of Anglo American from GBX 1,660 ($22.10) to GBX 1,690 ($22.50) and gave the company a hold rating in a research report on Wednesday, April 18th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Anglo American currently has a consensus rating of Buy and a consensus target price of GBX 1,764.41 ($23.49).
Shares of Anglo American opened at GBX 1,717.40 ($22.87) on Friday, MarketBeat Ratings reports. Anglo American has a fifty-two week low of GBX 950.10 ($12.65) and a fifty-two week high of GBX 1,870 ($24.90).
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 nickel; and iron and manganese ores, as well as alloys.
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