Goldman Sachs Group Reaffirms Buy Rating for Anglo American (LON:AAL)

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Goldman Sachs Group reissued their buy rating on shares of Anglo American (LON:AAL) in a research report released on Tuesday morning, ThisIsMoney.Co.Uk reports.

A number of other research firms also recently weighed in on AAL. HSBC upgraded Anglo American to a buy rating in a research report on Tuesday, May 28th. UBS Group reiterated a sell rating on shares of Anglo American in a research report on Friday, July 26th. Barclays reiterated an equal weight rating and set a GBX 2,000 ($26.13) target price on shares of Anglo American in a research report on Tuesday. Morgan Stanley reiterated an overweight rating on shares of Anglo American in a research report on Monday, July 15th. Finally, Credit Suisse Group reiterated an outperform rating on shares of Anglo American in a research report on Monday, July 22nd. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of GBX 2,128 ($27.81).

Shares of LON AAL opened at GBX 1,696.20 ($22.16) on Tuesday. The company has a debt-to-equity ratio of 33.15, a current ratio of 2.30 and a quick ratio of 1.55. The stock’s fifty day moving average price is GBX 2,076.22 and its two-hundred day moving average price is GBX 2,034.31. Anglo American has a one year low of GBX 1,433.80 ($18.74) and a one year high of GBX 2,294 ($29.98). The firm has a market cap of $23.71 billion and a price-to-earnings ratio of 5.30.

The business also recently announced a dividend, which will be paid on Friday, September 20th. Stockholders of record on Thursday, August 15th will be given a dividend of $0.62 per share. This represents a dividend yield of 2.23%. This is an increase from Anglo American’s previous dividend of $0.51. The ex-dividend date is Thursday, August 15th. Anglo American’s dividend payout ratio is presently 0.28%.

In other Anglo American news, insider Stuart J. Chambers acquired 4,650 shares of the company’s stock in a transaction that occurred on Thursday, June 20th. The stock was acquired at an average cost of GBX 2,157 ($28.19) per share, for a total transaction of £100,300.50 ($131,060.37). Also, insider Byron Elmer Grote acquired 1,000 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were acquired at an average price of GBX 2,214 ($28.93) per share, with a total value of £22,140 ($28,929.83). Over the last quarter, insiders have bought 7,657 shares of company stock valued at $17,331,296.

Anglo American Company Profile

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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Analyst Recommendations for Anglo American (LON:AAL)

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