Deutsche Bank analyst Liam Fitzpatrick maintained a Buy rating on Anglo American today and set a price target of £30.00. The company’s shares closed yesterday at $38.99.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
According to TipRanks, Fitzpatrick is a 4-star analyst with an average return of 9.8% and a 58.61% success rate. Fitzpatrick covers the Basic Materials sector, focusing on stocks such as Rio Tinto, Teck Resources, and Anglo American.
Currently, the analyst consensus on Anglo American is a Moderate Buy with an average price target of $35.67, which is a -8.52% downside from current levels. In a report released yesterday, Berenberg Bank also upgraded the stock to a Buy with a £30.00 price target.
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
Read More on AAUKF:
Disclaimer & DisclosureReport an Issue
- 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
/Microsoft%20Corporation%20logo%20on%20sign-by%20Jean-Luc%20Ichard%20via%20iStock.jpg)
/Advanced%20Micro%20Devices%20Inc_%20logo%20on%20phone%20and%20website-by%20T_Schneider%20via%20Shutterstock.jpg)
/Qualcomm%2C%20Inc_%20logo%20on%20phone-by%20viewimage%20via%20Shutterstock.jpg)
/Chipset%20held%20over%20rush%20hour%20traffic%20by%20Jae%20Young%20Ju%20via%20iStock.jpg)