Anglo American (LON:AAL) Price Target Cut to GBX 2,700 by Analysts at JPMorgan Chase & Co.

Anglo American (LON:AAL) had its target price cut by JPMorgan Chase & Co. from GBX 3,600 ($47.03) to GBX 2,700 ($35.28) in a research report sent to investors on Monday morning, Analyst Price Targets reports. They currently have an equal weight rating on the mining company’s stock.

A number of other research analysts also recently commented on AAL. Barclays lowered their target price on Anglo American from GBX 3,700 ($48.34) to GBX 3,600 ($47.03) and set an overweight rating on the stock in a research note on Tuesday, September 14th. Berenberg Bank restated a buy rating and issued a GBX 4,100 ($53.57) target price on shares of Anglo American in a research note on Friday, July 30th. Royal Bank of Canada boosted their price target on Anglo American from GBX 3,300 ($43.11) to GBX 3,600 ($47.03) and gave the stock a sector perform rating in a research report on Tuesday, August 3rd. Citigroup reaffirmed a buy rating and issued a GBX 4,000 ($52.26) price target on shares of Anglo American in a research report on Wednesday, July 21st. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a buy rating and issued a GBX 3,700 ($48.34) price target on shares of Anglo American in a research report on Thursday, September 9th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of Buy and an average price target of GBX 3,500 ($45.73).

Shares of LON AAL opened at GBX 2,470.50 ($32.28) on Monday. The business’s 50-day moving average price is GBX 3,076.36 and its two-hundred day moving average price is GBX 5,224.16. The company has a debt-to-equity ratio of 34.75, a current ratio of 2.06 and a quick ratio of 1.43. Anglo American has a one year low of GBX 1,747.11 ($22.83) and a one year high of GBX 3,509 ($45.85). The company has a market capitalization of £33.55 billion and a P/E ratio of 6.27.

The firm also recently disclosed a dividend, which will be paid on Friday, September 24th. Investors of record on Thursday, August 19th will be given a dividend of $2.51 per share. This represents a dividend yield of 5.66%. The ex-dividend date of this dividend is Thursday, August 19th. This is a boost from Anglo American’s previous dividend of $0.72. Anglo American’s payout ratio is currently 44.66%.

In other Anglo American news, insider Nonkululeko Nyembezi acquired 216 shares of the business’s stock in a transaction that occurred on Wednesday, June 23rd. The stock was acquired at an average price of GBX 2,838 ($37.08) per share, with a total value of £6,130.08 ($8,008.99). Insiders have purchased a total of 225 shares of company stock valued at $641,531 in the last three months.

About Anglo American

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; 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.

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Analyst Recommendations for Anglo American (LON:AAL)

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