Reaffirmed: Anglo American PLC (LON:AAL) “Hold” Rating Reconfirmed by Deutsche Bank; GBX 1850.00 Target in Place

October 2, 2018 - By Dolores Ford

Anglo American plc (LON:AAL) Logo

Investors sentiment increased to 0.95 in 2018 Q2. Its up 0.12, from 0.83 in 2018Q1. It is positive, as 63 investors sold Anglo American plc shares while 156 reduced holdings. 72 funds opened positions while 135 raised stakes. 366.72 million shares or 0.08% less from 367.01 million shares in 2018Q1 were reported.

Rampart Inv Limited Liability Corp stated it has 0.02% in Anglo American plc (LON:AAL). Sei invested in 212,203 shares. Foundry Ptnrs Ltd Llc accumulated 202,145 shares or 0.31% of the stock. At Bancorp, a Iowa-based fund reported 31,476 shares. Sandy Spring Bankshares accumulated 1,900 shares. Fincl Bank Of Montreal Can owns 0.01% invested in Anglo American plc (LON:AAL) for 354,740 shares. Millennium Limited Co stated it has 0.09% in Anglo American plc (LON:AAL). Psagot Invest House owns 64 shares or 0% of their US portfolio. 5,304 were reported by Envestnet Asset. Northwestern Mutual Wealth holds 0% in Anglo American plc (LON:AAL) or 12,168 shares. Cna holds 0.27% in Anglo American plc (LON:AAL) or 32,400 shares. Kentucky Retirement Systems Trust Fund holds 7,847 shares. Ares Mgmt Lc holds 0.4% of its portfolio in Anglo American plc (LON:AAL) for 352,821 shares. Cap Advsrs Ltd Limited Liability Corp holds 0% or 136 shares. Fifth Third Financial Bank stated it has 0.01% in Anglo American plc (LON:AAL).

Since April 20, 2018, it had 0 insider buys, and 2 sales for $683,600 activity.

Anglo American PLC (LON:AAL) Rating Reaffirmed

In a research note published on 2 October, The “Hold” rating of Anglo American PLC (LON:AAL) shares was reconfirmed by Analysts at Deutsche Bank, who now has a GBX 1850.00 TP on the stock. Deutsche Bank’s TP suggests a possible upside of 7.78 % from the last close price of the company.

Anglo American plc (LON:AAL) Ratings Coverage

Among 12 analysts covering Anglo American PLC (LON:AAL), 7 have Buy rating, 1 Sell and 4 Hold. Therefore 58% are positive. Anglo American PLC has GBX 2300 highest and GBX 800 lowest target. GBX 1935.42’s average target is 13.85% above currents GBX 1700 stock price. Anglo American PLC had 33 analyst reports since April 3, 2018 according to SRatingsIntel. The stock has “Hold” rating by Deutsche Bank on Tuesday, October 2. The firm earned “Sell” rating on Friday, June 8 by Liberum Capital. On Tuesday, April 3 the stock rating was maintained by RBC Capital Markets with “Outperform”. The firm earned “Neutral” rating on Wednesday, August 1 by UBS. The firm has “Neutral” rating by UBS given on Friday, July 27. The stock has “Overweight” rating by JP Morgan on Friday, June 8. The rating was maintained by Credit Suisse with “Neutral” on Wednesday, June 27. Deutsche Bank maintained Anglo American plc (LON:AAL) on Wednesday, April 4 with “Hold” rating. The firm has “Overweight” rating by JP Morgan given on Friday, June 15. On Thursday, June 21 the stock rating was maintained by HSBC with “Hold”.

The stock decreased 0.91% or GBX 15.6 during the last trading session, reaching GBX 1700. About 968,673 shares traded. Anglo American plc (LON:AAL) has 0.00% since October 2, 2017 and is . It has underperformed by 15.62% the S&P500.

Analysts await Anglo American plc (LON:AAL) to report earnings on October, 25. They expect $1.18 earnings per share, down 16.90 % or $0.24 from last year’s $1.42 per share. AAL’s profit will be $14.99 million for 360.17 P/E if the $1.18 EPS becomes a reality. After $1.63 actual earnings per share reported by Anglo American plc for the previous quarter, Wall Street now forecasts -27.61 % negative EPS growth.

Anglo American plc, together with its subsidiaries, engages in exploring, mining, processing, and smelting bulk commodities, base metals and minerals, and precious metals and minerals worldwide. The company has market cap of 21.59 billion GBP. The firm explores for iron ore, manganese ore, and alloys; metallurgical and thermal coal; copper; nickel; niobium; phosphates; platinum group metals; and rough and polished diamonds. It has a 7.2 P/E ratio.

More recent Anglo American plc (LON:AAL) news were published by: Mining.com which released: “Peru expects $58 billion in mining investments” on September 30, 2018. Also Mining.com published the news titled: “SolGold loss almost doubles as its goes all in at Ecuador projects” on September 28, 2018. Mining.com‘s news article titled: “Anglo American becomes latest top miner to land in Ecuador” with publication date: September 25, 2018 was also an interesting one.

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