New Buy Rating for Anglo American (AAUKF), the Basic Materials Giant

In a report released on February 6, Richard Hatch from Berenberg Bank maintained a Buy rating on Anglo American, with a price target of p4,200.00. The company’s shares closed last Friday at p3,435.00.

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Hatch covers the Basic Materials sector, focusing on stocks such as Rio Tinto, Ecora Royalties PLC, and Atalaya Mining. According to TipRanks, Hatch has an average return of 24.6% and a 58.95% success rate on recommended stocks.

Currently, the analyst consensus on Anglo American is a Moderate Buy with an average price target of p0.33, which is a -99.99% downside from current levels. In a report released on February 6, Barclays also maintained a Buy rating on the stock with a £35.50 price target.

The company has a one-year high of p3,754.00 and a one-year low of p1,900.01. Currently, Anglo American has an average volume of 5.28M.

Based on the recent corporate insider activity of 145 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of AAUKF in relation to earlier this year.