Insider Buying: Anglo American plc (LON:AAL) Insider Acquires 1,200 Shares of Stock

Anglo American plc (LON:AAL) insider Marcelo Bastos bought 1,200 shares of the stock in a transaction on Tuesday, September 24th. The stock was purchased at an average price of GBX 2,131 ($28.54) per share, for a total transaction of £25,572 ($34,242.10).

Anglo American Stock Performance

LON AAL opened at GBX 2,439.50 ($32.67) on Friday. The company’s 50 day simple moving average is GBX 2,202.94 and its two-hundred day simple moving average is GBX 2,286.97. The company has a debt-to-equity ratio of 62.94, a current ratio of 1.98 and a quick ratio of 1.28. Anglo American plc has a 1 year low of GBX 1,630 ($21.83) and a 1 year high of GBX 2,813 ($37.67). The stock has a market capitalization of £29.52 billion, a PE ratio of -2,368.45, a P/E/G ratio of 1.91 and a beta of 1.10.

Anglo American Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, September 27th. Investors of record on Thursday, August 15th will be given a $0.42 dividend. This represents a dividend yield of 1.46%. The ex-dividend date of this dividend is Thursday, August 15th. This is an increase from Anglo American’s previous dividend of $0.41. Anglo American’s dividend payout ratio (DPR) is -6,310.68%.

Wall Street Analyst Weigh In

AAL has been the subject of several recent research reports. JPMorgan Chase & Co. decreased their price objective on Anglo American from GBX 2,735 ($36.62) to GBX 2,590 ($34.68) and set an “overweight” rating for the company in a report on Wednesday, July 3rd. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Anglo American from GBX 2,900 ($38.83) to GBX 2,700 ($36.15) and set a “buy” rating for the company in a research note on Monday, September 9th. Bank of America restated a “buy” rating and set a GBX 3,100 ($41.51) price target on shares of Anglo American in a research note on Wednesday, June 26th. Citigroup reiterated a “buy” rating and issued a GBX 3,000 ($40.17) price objective on shares of Anglo American in a research note on Friday, May 31st. Finally, Berenberg Bank restated a “sell” rating and set a GBX 2,100 ($28.12) target price on shares of Anglo American in a research report on Friday, July 26th. One investment analyst has rated the stock with a sell rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, Anglo American presently has an average rating of “Moderate Buy” and a consensus target price of GBX 2,715 ($36.36).

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.