Anglo American (LON:AAL) had its price target trimmed by JPMorgan Chase & Co. from GBX 2,280 ($29.79) to GBX 2,230 ($29.14) in a report released on Monday, Digital Look reports. The brokerage currently has a neutral rating on the mining company’s stock.
A number of other equities analysts have also recently weighed in on AAL. Deutsche Bank reissued a buy rating on shares of Anglo American in a research report on Wednesday, July 31st. Citigroup reissued a buy rating and issued a GBX 2,300 ($30.05) price objective on shares of Anglo American in a research report on Thursday, May 16th. Liberum Capital reissued a hold rating on shares of Anglo American in a research report on Friday, August 9th. Societe Generale raised shares of Anglo American to a buy rating in a research report on Thursday, May 23rd. Finally, UBS Group reissued a sell rating on shares of Anglo American in a research report on Friday, July 26th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Anglo American has a consensus rating of Hold and a consensus target price of GBX 2,128 ($27.81).
LON:AAL opened at GBX 1,696.20 ($22.16) on Monday. 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 firm has a 50-day moving average of GBX 2,076.22 and a two-hundred day moving average of GBX 2,034.31. The stock has a market cap of $23.71 billion and a P/E ratio of 5.30. 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 business also recently announced a dividend, which will be paid on Friday, September 20th. Stockholders of record on Thursday, August 15th will be paid a $0.62 dividend. This represents a dividend yield of 2.23%. The ex-dividend date is Thursday, August 15th. This is a positive change from Anglo American’s previous dividend of $0.51. Anglo American’s dividend payout ratio is 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 shares were purchased at an average price 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, for a total transaction of £22,140 ($28,929.83). In the last 90 days, insiders bought 7,657 shares of company stock worth $17,331,296.
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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