Anglo American plc (OTCMKTS:AAUKF – Get Rating) saw a significant growth in short interest in May. As of May 31st, there was short interest totalling 1,085,300 shares, a growth of 26.8% from the May 15th total of 856,100 shares. Based on an average trading volume of 1,100 shares, the days-to-cover ratio is presently 986.6 days.
A number of research firms recently issued reports on AAUKF. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $4,300.00 price objective on shares of Anglo American in a report on Tuesday, April 5th. Jefferies Financial Group upgraded Anglo American to a “buy” rating and set a $45.00 price objective for the company in a report on Tuesday, June 7th. Liberum Capital upgraded Anglo American to a “buy” rating and set a $3,830.00 price target for the company in a research note on Tuesday, March 29th. Finally, Royal Bank of Canada restated a “buy” rating and issued a $44.00 price target on shares of Anglo American in a research note on Wednesday, April 20th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $2,529.14.
OTCMKTS:AAUKF opened at $42.10 on Friday. The stock has a 50 day simple moving average of $46.33 and a 200 day simple moving average of $46.18. Anglo American has a 1-year low of $33.55 and a 1-year high of $55.61.
Anglo American plc operates as a mining company worldwide. The company explores for rough and polished diamonds, copper, platinum group metals, metallurgical and thermal coal, and iron ore; and nickel, polyhalite, and manganese ores, as well as alloys. Anglo American plc was founded in 1917 and is headquartered in London, the United Kingdom.
- Get a free copy of the StockNews.com research report on Anglo American (AAUKF)
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