Shares of Anglo American plc (LON:AAL) have been given an average recommendation of “Hold” by the seventeen brokerages that are covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is GBX 2,003.33 ($26.18).
AAL has been the topic of a number of analyst reports. Morgan Stanley reaffirmed an “overweight” rating on shares of Anglo American in a research report on Monday, July 15th. UBS Group reaffirmed a “sell” rating on shares of Anglo American in a research report on Friday, July 26th. Deutsche Bank reaffirmed a “buy” rating on shares of Anglo American in a research report on Wednesday, July 31st. Societe Generale raised shares of Anglo American to a “buy” rating in a research report on Thursday, May 23rd. Finally, Barclays reaffirmed an “equal weight” rating and issued a GBX 2,000 ($26.13) price objective on shares of Anglo American in a research report on Tuesday.
In other Anglo American news, insider Byron Elmer Grote acquired 1,000 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was acquired at an average cost of GBX 2,214 ($28.93) per share, for a total transaction of £22,140 ($28,929.83). Also, insider Stuart J. Chambers acquired 4,650 shares of the firm’s stock in a transaction on Thursday, June 20th. The shares were acquired at an average price of GBX 2,157 ($28.19) per share, with a total value of £100,300.50 ($131,060.37). Over the last 90 days, insiders have acquired 7,657 shares of company stock valued at $17,331,296.
Shares of Anglo American stock traded down GBX 30.80 ($0.40) on Friday, reaching GBX 1,696.20 ($22.16). The stock had a trading volume of 5,534,954 shares, compared to its average volume of 6,120,000. The firm’s 50 day moving average price is GBX 2,086.21. The company has a quick ratio of 1.55, a current ratio of 2.30 and a debt-to-equity ratio of 33.15. Anglo American has a 1 year low of GBX 1,433.80 ($18.74) and a 1 year high of GBX 2,294 ($29.98). The stock has a market cap of $23.74 billion and a PE ratio of 5.30.
The business also recently announced a dividend, which will be paid on Friday, September 20th. Shareholders of record on Thursday, August 15th will be given a dividend of $0.62 per share. This represents a yield of 2.23%. The ex-dividend date of this dividend is Thursday, August 15th. This is an increase from Anglo American’s previous dividend of $0.51. Anglo American’s payout ratio is currently 0.28%.
About Anglo American
Anglo American plc, together with its subsidiaries, engages in exploring, mining, and processing various metals and minerals worldwide. The company explores for rough and polished diamonds, copper, platinum group metals, metallurgical and thermal coal, and iron; and nickel and manganese ores, as well as alloys.
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