Anglo American (AAUKF): New Buy Recommendation for This Basic Materials Giant
Barclays analyst Amos Fletcher maintained a Buy rating on Anglo American today and set a price target of £33.00.
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According to TipRanks, Fletcher is a 4-star analyst with an average return of 3.9% and a 57.14% success rate. Fletcher covers the Basic Materials sector, focusing on stocks such as Rio Tinto, Vale SA, and Boliden AB.
In addition to Barclays, Anglo American also received a Buy from Berenberg Bank’s Richard Hatch in a report issued on December 16. However, on December 7, TR | OpenAI – 4o reiterated 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 142 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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- Anglo American Advances Portfolio Overhaul with Key Asset Sales, Coal Relisting and De Beers Separation
- Anglo American price target raised to 3,400 GBp from 3,100 GBp at Berenberg
- Anglo American Details Leadership Share Transactions under Incentive Plan
- Anglo American and Teck Resources Secure Canadian Approval for Merger
- Teck Resources, Anglo American receive Canada approval for merger
