Berenberg Bank reiterated their hold rating on shares of Anglo American (LON:AAL – Free Report) in a research report sent to investors on Tuesday morning, Digital Look reports. Berenberg Bank currently has a GBX 1,600 ($20.22) price objective on the mining company’s stock.
A number of other brokerages have also weighed in on AAL. Jefferies Financial Group restated a buy rating and set a GBX 2,500 ($31.59) price objective on shares of Anglo American in a research note on Friday, February 9th. Barclays reiterated an overweight rating and issued a GBX 2,630 ($33.24) target price on shares of Anglo American in a research report on Friday, February 9th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Anglo American presently has an average rating of Moderate Buy and a consensus price target of GBX 2,493.33 ($31.51).
Get Our Latest Research Report on Anglo American
Anglo American Stock Up 0.3 %
Anglo American Cuts Dividend
The business also recently disclosed a dividend, which will be paid on Friday, May 3rd. Investors of record on Thursday, March 14th will be given a dividend of $0.41 per share. The ex-dividend date of this dividend is Thursday, March 14th. This represents a yield of 1.89%. Anglo American’s dividend payout ratio is currently 42,222.22%.
Insider Activity at Anglo American
In other Anglo American news, insider Duncan Wanblad sold 24,467 shares of Anglo American stock in a transaction on Monday, March 4th. The stock was sold at an average price of GBX 1,737 ($21.95), for a total transaction of £424,991.79 ($537,080.49). Insiders own 7.29% of the company’s stock.
Anglo American Company Profile
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.
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