Berenberg Bank analyst Richard Hatch upgraded Anglo American to a Buy today and set a price target of £30.00. The company’s shares closed last Monday at $37.77.
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Hatch covers the Basic Materials sector, focusing on stocks such as Anglo American, Ecora Resources, and Rio Tinto. According to TipRanks, Hatch has an average return of 14.8% and a 54.00% success rate on recommended stocks.
In addition to Berenberg Bank, Anglo American also received a Buy from Jefferies’s Chris LaFemina in a report issued on October 6. However, on September 26, Citi 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 $8.95 billion and a GAAP net loss of $1.88 billion. In comparison, last year the company earned a revenue of $14.46 billion and had a GAAP net loss of $672 million
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- Anglo American upgraded to Buy from Hold at Berenberg
- Anglo American Supports Teck’s Revised Operational Strategy Post-Merger
- Anglo American Executives Reinvest in Company Shares
- Anglo American Updates Share Capital and Voting Rights
- Anglo American Announces Director Share Transactions and Employee Share Options
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