Anglo American plc (LON:AAL) Receives Average Rating of “Moderate Buy” from Analysts

Anglo American plc (LON:AAL) has been given a consensus rating of “Moderate Buy” by the eight ratings firms that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating and seven have given a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is GBX 2,715 ($35.25).

AAL has been the subject of several research analyst reports. JPMorgan Chase & Co. reduced their price target on shares of Anglo American from GBX 2,735 ($35.51) to GBX 2,590 ($33.63) and set an “overweight” rating for the company in a research report on Wednesday, July 3rd. Deutsche Bank Aktiengesellschaft reduced their target price on Anglo American from GBX 2,900 ($37.65) to GBX 2,700 ($35.06) and set a “buy” rating for the company in a report on Monday, September 9th. Berenberg Bank reiterated a “sell” rating and set a GBX 2,100 ($27.27) price target on shares of Anglo American in a report on Friday, July 26th. Finally, Bank of America reissued a “buy” rating and set a GBX 3,100 ($40.25) price target on shares of Anglo American in a research report on Wednesday, June 26th.

Insider Transactions at Anglo American

In other news, insider Marcelo Bastos purchased 1,200 shares of the stock in a transaction that occurred on Tuesday, September 24th. The stock was acquired at an average price of GBX 2,131 ($27.67) per share, with a total value of £25,572 ($33,201.77). Insiders bought 1,214 shares of company stock valued at $2,587,244 in the last three months. Corporate insiders own 9.78% of the company’s stock.

Anglo American Price Performance

AAL stock opened at GBX 2,362.50 ($30.67) on Tuesday. The firm has a 50-day moving average of GBX 2,235.69 and a two-hundred day moving average of GBX 2,340.78. The firm has a market capitalization of £28.59 billion, a PE ratio of -2,271.63, a P/E/G ratio of 2.05 and a beta of 1.10. The company has a current ratio of 1.98, a quick ratio of 1.28 and a debt-to-equity ratio of 62.94. Anglo American has a one year low of GBX 1,630 ($21.16) and a one year high of GBX 2,813 ($36.52).

Anglo American Increases Dividend

The business also recently declared a dividend, which was paid on Friday, September 27th. Stockholders of record on Thursday, August 15th were paid a $0.42 dividend. The ex-dividend date was Thursday, August 15th. This is an increase from Anglo American’s previous dividend of $0.41. This represents a dividend yield of 1.46%. Anglo American’s dividend payout ratio is -6,250.00%.

About Anglo American

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.