Rating Worth Watching: Citigroup Kept Anglo American PLC (LON:AAL) as Sell

November 23, 2016 - By Marguerite Chambers

Anglo American PLC (LON:AAL) Rating

Citigroup reaffirmed their Sell rating on shares of Anglo American PLC (LON:AAL) in analysts report issued to clients on Wednesday morning.

Anglo American plc (LON:AAL) Ratings Coverage

Out of 27 analysts covering Anglo American PLC (LON:AAL), 8 rate it a “Buy”, 9 “Sell”, while 10 “Hold”. This means 30% are positive. GBX 2050 is the highest target while GBX 152 is the lowest. The GBX 848.35 average target is -30.46% below today’s (GBX 1220) stock price. Anglo American PLC has been the topic of 333 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The company was maintained on Monday, October 26 by Citigroup. The rating was maintained by Bernstein on Monday, November 23 with “Outperform”. The firm has “Equal Weight” rating by Barclays Capital given on Monday, October 24. The rating was maintained by JP Morgan with “Underweight” on Thursday, May 26. The firm has “Sell” rating given on Thursday, July 28 by Canaccord Genuity. Jefferies maintained the shares of AAL in a report on Wednesday, August 12 with “Hold” rating. The stock of Anglo American plc (LON:AAL) earned “Underweight” rating by JP Morgan on Wednesday, June 29. The firm has “Hold” rating given on Wednesday, February 17 by Beaufort Securities. Canaccord Genuity maintained Anglo American plc (LON:AAL) rating on Thursday, September 29. Canaccord Genuity has “Buy” rating and GBX 1080 price target. The stock of Anglo American plc (LON:AAL) has “Hold” rating given on Monday, September 14 by Jefferies.

About 1.88 million shares traded hands. Anglo American plc (LON:AAL) has risen 77.88% since April 25, 2016 and is uptrending. It has outperformed by 72.55% the S&P500.

Insitutional Activity: The institutional sentiment decreased to 0.46 in 2016 Q2. Its down 0.14, from 0.6 in 2016Q1. The ratio turned negative, as 111 funds sold all Anglo American plc shares owned while 206 reduced positions. 40 funds bought stakes while 150 increased positions. They now own 384.56 million shares or 8.83% less from 421.82 million shares in 2016Q1.

Nokomis Capital Limited Liability Com reported 959,451 shares or 5.76% of all its holdings. Bancshares Of New York Mellon Corporation has invested 0.04% of its portfolio in Anglo American plc (LON:AAL). Highland Cap Mgmt L P holds 3.37 million shares or 3.95% of its portfolio. Evercore Wealth Mgmt Llc last reported 4,601 shares in the company. Axa has invested 0% of its portfolio in Anglo American plc (LON:AAL). Systematic Fin Limited Partnership holds 0.13% or 340,435 shares in its portfolio. Sumitomo Mitsui Asset Mgmt Limited last reported 0.01% of its portfolio in the stock. Johnson Financial Group Inc has 216 shares for 0% of their US portfolio. Winslow Evans & Crocker Inc last reported 0% of its portfolio in the stock. Mycio Wealth Prtnrs Limited Co reported 1,060 shares or 0.01% of all its holdings. Pinebridge Investments Ltd Partnership has invested 0.03% of its portfolio in Anglo American plc (LON:AAL). Moreover, Water Island Capital Ltd Company has 0% invested in Anglo American plc (LON:AAL) for 1,750 shares. The California-based Rs Inv Mngmt Co Lc has invested 0% in Anglo American plc (LON:AAL). Proshare Advisors Limited Com has invested 0.09% of its portfolio in Anglo American plc (LON:AAL). Checchi Capital Advisers Lc owns 4,145 shares or 0.01% of their US portfolio.

Insider Transactions: Since June 13, 2016, the stock had 1 buying transaction, and 7 sales for $14.36 million net activity. $6.97M worth of Anglo American plc (LON:AAL) shares were sold by Nocella Andrew P. $1.36M worth of Anglo American plc (LON:AAL) was sold by GOULET – BEVERLY K. on Tuesday, July 12. On Wednesday, September 14 Leibman Maya sold $363,432 worth of the stock or 10,000 shares. SCHIFTER RICHARD P bought $96,390 worth of stock or 3,000 shares. Shares for $4.02M were sold by EBERWEIN ELISE R.

Anglo American plc focuses its business on its portfolio of diamonds, platinum group metals and copper. The company has a market cap of 16.91 billion GBP. The Company’s divisions include Platinum; De Beers; Copper; Nickel; Niobium and Phosphates; Iron ore and Manganese; Coal; Corporate, and others. It currently has negative earnings. It produces platinum group metals , which provides approximately 40% of mined platinum and its activities are located in the Bushveld Complex in South Africa.

According to Zacks Investment Research, “American Airlines Group Inc. operates in the airline industry. The company provides scheduled passenger, freight and mail service primarily in North America, the Caribbean, Latin America, Europe and the Pacific. American Airlines Group Inc. is the holding company for American Airlines and US Airways. American Airlines Group Inc. is based in FORT WORTH TX.”

AAL Company Profile

American Airlines Group Inc. (AAG), incorporated on February 16, 1982, is a holding firm whose primary business activity is the operation of a network air carrier through its subsidiaries, American Airlines, Inc. (American) and its regional subsidiaries, Envoy Aviation Group Inc. (Envoy), Piedmont Airlines, Inc. (Piedmont) and PSA Airlines, Inc. (PSA) that operate under capacity purchase agreements as American Eagle.

Another recent and important Anglo American plc (LON:AAL) news was published by Wsj.com which published an article titled: “Anglo American Halts Operations at Los Bronces Mine in Chile” on November 17, 2016.

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