Jefferies Sticks to Its Buy Rating for Anglo American (AAUKF)
In a report released today, Chris LaFemina from Jefferies maintained a Buy rating on Anglo American, with a price target of p4,200.00.
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LaFemina covers the Basic Materials sector, focusing on stocks such as Vale SA, Rio Tinto, and Commercial Metals Company. According to TipRanks, LaFemina has an average return of 15.6% and a 56.30% success rate on recommended stocks.
In addition to Jefferies, Anglo American also received a Buy from Barclays’s Ian Rossouw CFA in a report issued on February 6. However, on February 11, J.P. Morgan maintained a Hold rating on Anglo American (Other OTC: AAUKF).
Based on Anglo American’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of p8.95 billion and a GAAP net loss of p1.88 billion. In comparison, last year the company earned a revenue of p14.46 billion and had a GAAP net loss of p672 million
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.
Read More on AAUKF:
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