In a report released today, Bob Brackett from Bernstein maintained a Hold rating on Anglo American, with a price target of p2,250.00. The company’s shares closed yesterday at $40.21.
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According to TipRanks, Brackett is a 4-star analyst with an average return of 13.2% and a 61.75% success rate. Brackett covers the Basic Materials sector, focusing on stocks such as Freeport-McMoRan, Barrick Mining, and Antofagasta.
Currently, the analyst consensus on Anglo American is a Moderate Buy with an average price target of $35.69, a -11.24% downside from current levels. In a report released on October 9, J.P. Morgan also maintained a Hold rating on the stock with a p2,760.00 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
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Disclaimer & DisclosureReport an Issue
- Anglo American price target raised to 2,760 GBp from 1,980 GBp at JPMorgan
- Teck Resources downgraded to Hold from Buy at Canaccord (yesterday)
- 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
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