Anglo American plc (LON:AAL) Receives GBX 2,765 Average PT from Brokerages

Shares of Anglo American plc (LON:AAL) have been given an average rating of “Moderate Buy” by the eight brokerages that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is GBX 2,765 ($36.36).

A number of research firms have issued reports on AAL. Bank of America reissued a “buy” rating and set a GBX 3,100 ($40.76) price target on shares of Anglo American in a research report on Wednesday, June 26th. JPMorgan Chase & Co. lowered their price target on shares of Anglo American from GBX 2,735 ($35.96) to GBX 2,590 ($34.06) and set an “overweight” rating on the stock in a report on Wednesday, July 3rd. Berenberg Bank reiterated a “sell” rating and set a GBX 2,100 ($27.61) price objective on shares of Anglo American in a research note on Friday, July 26th. Citigroup reissued a “buy” rating and issued a GBX 3,000 ($39.45) price objective on shares of Anglo American in a report on Friday, May 31st. Finally, Royal Bank of Canada raised their target price on Anglo American from GBX 2,300 ($30.24) to GBX 3,100 ($40.76) and gave the stock an “outperform” rating in a report on Monday, May 13th.

Insider Buying and Selling at Anglo American

In related news, insider Stuart J. Chambers purchased 694 shares of the business’s stock in a transaction that occurred on Friday, June 21st. The stock was bought at an average price of GBX 2,464 ($32.40) per share, with a total value of £17,100.16 ($22,485.42). Over the last three months, insiders have acquired 706 shares of company stock valued at $1,737,272. Company insiders own 9.94% of the company’s stock.

Anglo American Stock Performance

Shares of AAL opened at GBX 2,024 ($26.61) on Monday. The stock has a 50-day moving average of GBX 2,279.38 and a two-hundred day moving average of GBX 2,253.14. The company has a debt-to-equity ratio of 62.94, a quick ratio of 1.28 and a current ratio of 1.98. The stock has a market cap of £24.49 billion, a P/E ratio of -1,965.05, a P/E/G ratio of 2.29 and a beta of 1.14. Anglo American has a one year low of GBX 1,630 ($21.43) and a one year high of GBX 2,813 ($36.99).

Anglo American Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, September 27th. Shareholders of record on Thursday, August 15th will be given a dividend of $0.42 per share. The ex-dividend date is Thursday, August 15th. This represents a yield of 1.46%. This is an increase from Anglo American’s previous dividend of $0.41. Anglo American’s dividend payout ratio is currently -6,407.77%.

Anglo American Company Profile

Anglo American plc operates as a mining company in the United Kingdom and internationally. It explores for rough and polished diamonds, copper, platinum group metals and nickel, steelmaking coal, and iron ore; and nickel, polyhalite, and manganese ores. Anglo American plc was founded in 1917 and is headquartered in London, the United Kingdom.